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CryptoQuant: Significant Increase in Large Holder Deposits to Exchanges During Bitcoin Price Drop

CryptoQuant: Significant Increase in Large Holder Deposits to Exchanges During Bitcoin Price Drop

Chaincatcher2025/11/27 00:47

According to ChainCatcher, citing The Block, on-chain analytics firm CryptoQuant pointed out that after bitcoin's price fell below $80,000 last week, the amount of bitcoin transferred by whales to exchanges surged.

Data shows that the daily inflow to exchanges reached 9,000 BTC, with 45% coming from large deposits of over 100 BTC in a single transaction, a proportion described as "abnormally high." The average single deposit in November soared from 0.6 BTC to 1.23 BTC, marking a new high for the past year. On one exchange platform, the average single deposit even increased from 12 BTC at the beginning of the month to 37 BTC recently. CryptoQuant noted that this further confirms the view that "whales are reducing their bitcoin holdings through exchanges," and in the context of the current price correction, investor selling continues to put pressure on the market.

Other major assets have also seen active exchange activity. Although the total inflow of Ethereum has not increased significantly, the proportion of large deposits has risen. As the price of Ethereum fell to around $2,900, the average daily single deposit reached 41.7 ETH, hitting a nearly three-year high. In terms of altcoins, since July, the daily number of transactions transferred to exchanges has consistently exceeded 40,000, with a peak of 78,000 transactions on October 17.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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