Hey friends, big news! There’s some unusual activity on the Bitcoin blockchain❗️ According to a report published by CryptoQuant on July 4, the number of BTC deposited into centralized exchanges last week skyrocketed to nearly 50,000 coins per day. This level has only been reached four times this year. Yes, that’s 50,000 BTC deposited into exchanges daily❗️ The average deposit size doubled from around 1 BTC to 2 BTC. CryptoQuant clearly pointed out that this surge is driven by whales and institutions, not retail investors. CryptoQuant’s Head of Research, Julio Moreno, described the 49,000 BTC deposits on June 30 as an “extremely rare level,” noting that similar peaks have only occurred four times earlier this year. ⚠️ Reliability of key conclusions! CryptoQuant’s takeaway: If $60,000 is breached, it could drop toward the realized price of $53,000. This is a logical inference based on on-chain realized price data, not a predictive statement. The report mentions that “historically, a surge in the average deposit size of large entities is a more bearish signal than just high inflow volume.” This statement has been cited across multiple sources, indicating it originates from CryptoQuant’s public analysis rather than any misinterpretation. We need to pay attention to the monitoring data and conclusions published by CryptoQuant. However, this scenario would only play out if BTC rebounds and then drops below $60,000 for the third time. #Bitcoin #BTC