In short
- Bitcoin deposits rose by nearly 50,000 BTC per day last week, CryptoQuant said.
- The average size of deposits doubled to around 2 BTC, pointing to activity from institutional investors and whales.
- In the past, this increase in deposits led to price fluctuations.
Bitcoin Deposits to the killing center-usually a precursor to sales-spiked in the last week as BTC fell below $60,000, according to data gathered by the blockchain analytics firm. CryptoQuant.
Deposits of the highest value crypto reached almost 50,000 BTC per day, hitting this mark for only the fourth time this year. In all other cases, it caused a significant increase in price volatility, according to the company.
“The rise coincides with Bitcoin testing the important $60K support level, which, if broken, could take Bitcoin to $53K, the same price,” CryptoQuant’s report from Thursday reads. “At this entry level, the market is assuming that Bitcoin’s volume will be re-converted to the exchange, a process that has already been advanced.”
It was not the number of deposits that was increasing, but the size. At a time when the average Bitcoin share almost doubled from 1 BTC to 2 BTC, a sign that the amount of deposits is controlled by whales and institutions, not retail traders, the firm said.
In the past, this indicator has led to lower prices.
“Historically, the average rise in deposit growth from large institutions is a weaker indicator than the growth rate of inflows alone, as it reflects deliberate reinvestment rather than general activity,” the report says.
Your Bitcoin friends are not left out, either Ethereum every day the amount of money reaches 1.25 million per day and the altcoin deposit transaction also jumps to more than 45,000 per day. Their spikes also support the opportunity for periods of volatility in the crypto market.
“Historically, the number of altcoin deposits has reflected the decline in the price of crypto-assets and ensured that their futures will not change,” the report says. “This sign already happened in 2026: Bitcoin’s drop from $82K at the beginning of May to below $58K at the end of June was preceded by a similar rise in altcoin deposits above 45K.”
After spending some time below $60,000, Bitcoin has increased slightly this week, jumping 3.5% to trade at $62,886. As it stands, BTC is now just over 50% off its October all-time high of $126,080.
Meanwhile, Ethereum gained nearly 12% this week to change hands at $1,787—about 64% off its all-time high of $4,946.
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