CryptoQuant says bitcoin and altcoin exchange deposits have spiked, indicating higher volatility ahead
The Block·
60-second summary
Bitcoin deposits to exchanges have surged to nearly 49,000 BTC, a rare extreme seen only four other times this year, according to CryptoQuant. This significant increase in deposits often precedes a market downturn, indicating higher volatility ahead. Market participants are closely watching these developments as they may signal a potential shift in the crypto landscape.
Bitcoin deposits to exchanges recently climbed to nearly 49,000 BTC, "a rare extreme" seen only four other times this year, CryptoQuant said.