CryptoQuant: 64% of Bitcoin Exchange Inflows Driven by Whales

Large Investors Dominate Exchange Inflows A recent report from on-chain analysis platform CryptoQuant reveals that activity on cryptocurrency exchanges is largely dominated by large-scale investors, commonly referred to as "whales." According to the data, 64% of the total volume of Bitcoin (BTC) inflows to exchanges originates from the top 10 largest transfers.
As of February, the average exchange inflow has risen to 1.58 BTC, marking the highest level recorded since June 2022.
Signs of Normalization in Selling Pressure Following a period where Bitcoin prices pulled back toward the $60,000 level, daily inflows reached 60,000 BTC on February 6.
Recent data shows these inflows have since declined to a 7-day moving average of 23,000 BTC.
Although this represents a 60% decrease from the peak, exchange flows remain above historical averages, indicating continued liquidity movement in the market.
Analysts suggest that the aggressive wave of selling has transitioned into a more controlled process, and the immediate risk of capitulation has eased.
Volatility Risks in Altcoin Markets Despite stabilization efforts in Bitcoin, selling pressure appears to be mounting in the altcoin markets.
Data shows that the average daily number of altcoin deposits to exchanges has increased by 22%, reaching a level of 49,000.
Experts emphasize that a rising number of deposits is often a precursor to price fluctuations and may indicate weakening market confidence in assets other than Bitcoin.