The Bitcoin market has once again shown behavior that usually precedes significant price moves. Recent data from CryptoQuant show that BTC deposits to exchanges increased significantly at the end of June, a pattern considered unusual and that, on other occasions, was followed by periods of higher volatility.
According to Julio Moreno, head of research at CryptoQuant, daily deposits came close to 49 thousand BTC on June 30. Throughout 2026, this volume had only been recorded on four other occasions, always close to the 50 thousand bitcoins sent to exchanges mark.
"At these inflow levels, the market is absorbing a large volume of bitcoins that is being repositioned on exchanges, a pattern that historically precedes significant directional moves," Moreno wrote.
The analysis points out that this increase is not being driven mainly by retail investors. The average deposit size practically doubled, rising from approximately 1 BTC to 2 BTC per transaction. This behavior indicates greater participation by large investors and institutions, which normally move high amounts before important changes in the market.
According to Moreno, the growth in the average size of transfers usually represents a more relevant signal than the simple increase in the number of deposits. This is because it demonstrates a strategic repositioning by the largest participants, a move that historically has been associated with periods of selling pressure on Bitcoin.
This flow occurs while BTC remains near an important technical support level at US$ 60.000. If this region is lost, CryptoQuant's analysis indicates that the price could seek the so-called realized price, currently around US$ 53.000. At the same time, spot Bitcoin ETFs traded in the United States once again recorded net capital inflows, interrupting a sequence of outflows observed in recent days.
The behavior is also repeating in Ether and other cryptocurrencies. ETH deposits to exchanges surpassed 1,25 million units at the end of June, reinforcing the reading of increased selling pressure.
Moreno notes that, when Bitcoin and Ether register simultaneous growth in transfers to exchanges, the market usually shows a more defensive stance, increasing the probability of wide swings across different cryptocurrencies.
Altcoins are following the same trend. The number of deposit transactions for these cryptocurrencies reached almost 45 thousand operations at the beginning of the week, the highest level in approximately two months.
According to the analyst, a similar move preceded the correction that took Bitcoin from the US$ 82.000 region to less than US$ 58.000. "With the threshold being exceeded again while bitcoin tests the US$ 60.000 support, the current setup closely mirrors the pattern that preceded the previous drop, justifying greater caution on the part of market participants," Moreno said.