Svmuu News: CryptoQuant reports that inflows of Bitcoin, Ethereum, and altcoins into exchanges have recently risen significantly. Historically, this pattern has often signaled that the crypto market is about to enter a period of higher volatility.
Julio Moreno, Head of Research at CryptoQuant, pointed out that on June 30, the inflow of Bitcoin to exchanges reached nearly 49,000 BTC, a rare and extreme level.Earlier this year, there were only four instances of similar single-day deposit peaks approaching 50,000 BTC, and these peaks were typically followed by significantly amplified price volatility and clear directional trends.
The report suggests that, given the current scale of inflows, the market is absorbing a large amount of Bitcoin transferred to exchanges. Since transfers to exchanges typically signal potential selling pressure, position adjustments, or rising margin requirements for derivatives, this could trigger more severe price volatility.
CryptoQuant also noted that the volume of Ethereum and altcoins flowing into exchanges is rising, indicating that the pressure is not limited to Bitcoin but is spreading to the broader crypto asset market. Overall, the surge in exchange deposits may signal an impending, more significant shift in the short-term market direction.
CryptoQuant: Surge in BTC and Altcoin Deposits at Exchanges May Signal Increased Market Volatility
Source:Odaily · Source Link
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