CryptoQuant Weekly Report “Incoming Volatility?”, makes When something about to happen is backed up by data, it’s a good indication.
Bitcoin exchange inflows spiked to roughly 49,000 BTC on June 30 — an extreme reading seen only four other times in 2026. Ethereum’s inflows reached over 1.25million ETH during the same period. Altcoin deposits reached nearly 45,000 per day. This is the highest level in the past two months, and it’s the same pattern as Bitcoin’s fall from $82K at the beginning of May to $58K by the end of June.
All of those signals historically have preceded an directional movement, typically down.
And yet, as of Thursday morning, Bitcoin is trading around $61,600 — back above the $60K support the report frames as the line in the sand, and up several thousand dollars from Wednesday’s print The price is near $58,600. Although the chain screams risk, it’s price is just as low.
The most bearish detail in the report isn’t the raw inflow volume — it’s the composition. The average size of the deposit doubled to 2 BTC from 1 BTC. This is not retail panic selling in small amounts; it’s institutions and whales deliberately moving coins to exchanges.
CryptoQuant’s Julio Moreno explains that an increase in the size of average deposits is a better indicator than high volumes alone because it shows intent and not just volume. If large holders are lining up to sell their assets, it is likely that they know or believe they do.
What caused the prices to go in the opposite directions? The flows don’t happen in a vacuum. Bitcoin’s June decline had more to do than anything crypto-native with capital flowing out of the digital asset market and into semiconductor trades, U.S. Iran-related tensions that fueled inflation fears, as well as Strategy. trimming Its stack.
Mt. Mt. moving The sale of 10,422 BTC by creditors last month sparked a new round of selling anxiety in advance the repayment deadline on October. The spot Bitcoin ETFs have lost billions of dollars over a string of double-digit outflows.
It is possible that the whales who are moving money to exchanges were simply positioning themselves in preparation for a similar macrostorm, and weren’t really responsible.
The Fed’s dovish comments on Thursday eased fears of rate cuts, which led to the bounce. This is the key: macroeconomics are king in the market and chain flows, the tail.
Bitcoin price change
Bitcoin has been a popular cryptocurrency for a while now. trading At $61,469.98 it was up by $1,322.54 (2.2%) for the day, after rebounding from a low of $59 520 in 24 hours and peaking at around $62,148 about 10 am.
The recovery back above $60,000 — with $32.49B in daily volume and a $1.23T market cap — lines up with the report’s read that $60K is the battleground level, and today the bulls are holding it.
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Source: bitcoinmagazine.com
