ChainCatcher report: CryptoQuant analyst Woominkyu noted that Bitcoin closed at $78,450 on September 8, continuing its rebound from around $60,000 during the summer, yet large deposits on spot exchanges did not surge in tandem. Data shows that the daily inflow to the top ten spot exchanges on September 8 was 5,442 BTC—4.4 times higher than the previous day—but only 5.1% above the 30-day average. The seven-day average inflow stood at 4,678 BTC, below multiple peaks earlier this year. From a broader perspective, the recent price rebound has not been accompanied by an abnormal spike in large deposit activity, offering limited evidence of sustained selling pressure from large transfers. The key metric to watch next is whether the seven-day average inflow continues to rise even as prices weaken. For now, the rebound in deposits on September 8 appears more like a return to recent normal levels rather than an extraordinary surge.
CryptoQuant Analyst: Large BTC Deposits to Exchanges Are Not Surging with Price Recovery
ChaincatcherShare
Summary
On September 8, the BTC price reached $78,450, continuing its summer recovery from around $60,000. Despite the rise, large BTC deposits to spot exchanges did not increase significantly. The top 10 exchanges recorded a 5,442 BTC inflow—4.4 times higher than the previous day but only 5.1% above the 30-day average. The seven-day average stood at 4,678 BTC, below earlier 2024 peaks. BTC dominance remained stable, with no indication of heavy selling from large transfers. Traders are monitoring whether inflows will rise as the BTC price weakens. The September 8 rebound appears to be a return to normalcy, not a sharp spike.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.