Bitcoin Nears $80,000 as Large Exchange Deposits Stay Normal

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Bitcoin news: On September 8, 2026, Bitcoin neared $80,000, with major spot-exchange deposits staying within normal ranges. CryptoQuant tracked 5,442 BTC in top-ten inflows, just 5.1% above the 30-day average. No signs of a major exchange hack were reported. Earlier spikes, like a 28,000 BTC inflow in late April, suggest current flows are normal. The seven-day average for large deposits remains 9.7% below the monthly average.

What to Know

  • Bitcoin approached $80,000 while major spot-exchange deposits remained near normal levels, limiting evidence of widespread whale selling pressure across markets.
  • CryptoQuant recorded 5,442 BTC in top-ten inflows, while the seven-day average remained approximately 10% below the estimated monthly average level.
  • Earlier daily deposit spikes reached almost 28,000 BTC, making September’s increase a normalization rather than exceptional whale distribution activity overall.


Bitcoin approached $80,000 without triggering elevated exchange deposits, suggesting major holders have not prepared for widespread selling during the recovery. According to CryptoQuant analyst Woominkyu, Bitcoin closed at $78,450 on September 8, following its recovery from approximately $60,000 earlier this summer.


However, large deposits into tracked spot exchanges did not increase proportionately as Bitcoin regained substantial ground across the broader cryptocurrency market. CryptoQuant recorded 5,442 BTC across the ten largest spot-exchange inflow transactions completed during the September 8 trading session.


Although that figure was 4.4 times the previous day’s level, it remained reasonably close to the recent market average. Based on that difference, the ten largest transactions contained approximately 1,237 BTC during the preceding session, which recorded unusually limited activity.


Moreover, the September 8 reading exceeded the previous 30-day average by only 5.1%, placing that average near 5,178 BTC. Meanwhile, the seven-day moving average reached 4,678 BTC daily, approximately 9.7% below the estimated monthly average for large deposits.


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Earlier Inflow Spikes Put September’s Bitcoin Deposits Into Perspective

CryptoQuant’s chart covers 251 daily observations between January 1 and September 8, comparing Bitcoin’s closing price with major exchange deposits. Several earlier periods recorded significantly larger transfers, with daily deposits exceeding 8,000 BTC multiple times between January and August.


A notable increase reached nearly 28,000 BTC around late April, while another February spike approached approximately 15,000 BTC. Additionally, deposits climbed toward 14,000 BTC during May, despite Bitcoin trading below the highest prices recorded earlier that year.


August also produced several readings near 12,000 BTC, placing the latest 5,442 BTC figure comfortably within the chart’s established range. Consequently, September’s increase represents a return toward normal large-holder activity rather than an exceptional movement of Bitcoin into spot exchanges.


Bitcoin’s recovery strengthened during August, lifting its price from approximately $63,000 toward the upper portion of the $70,000 range. Significantly, major exchange deposits did not rise at a comparable pace while Bitcoin advanced toward the psychologically important $80,000 level.


This divergence provides limited evidence of sustained selling pressure, although it cannot prove that large holders are actively accumulating Bitcoin. Exchange deposits do not confirm completed sales because transfers can involve custody changes, collateral management or internal wallet reorganizations. Moreover, the ten largest transactions do not necessarily represent ten independent investors, since one institution could control several depositing addresses.


Seven-Day Average Remains the Main Selling-Pressure Signal

CryptoQuant’s metric excludes smaller deposits, withdrawals and complete exchange netflows, limiting its ability to identify broader whale positioning. Therefore, the indicator cannot determine whether major holders are purchasing additional Bitcoin or simply retaining their existing balances outside exchanges.


Woominkyu identified the seven-day inflow average as the main indicator for detecting a meaningful change in potential market selling pressure. A persistent increase in that average alongside weakening prices would provide stronger evidence that major holders are distributing their Bitcoin.


Such conditions would indicate that buyers cannot absorb additional supply efficiently, potentially placing greater pressure on important market support levels. By comparison, isolated daily increases provide weaker evidence because large transactions can vary considerably without producing sustained selling activity. Bitcoin has therefore approached $80,000 without the unusual whale deposits that might signal extensive profit-taking across major spot exchanges.


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The post Bitcoin Nears $80,000 as Large Exchange Deposits Remain Within Normal Range appeared first on 36Crypto.

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