CryptoQuant research director Julio Moreno said that on June 30, the number of Bitcoins flowing into exchanges was close to 49k BTC, an extreme level seen only a few times this year. Historically, capital inflows of a similar scale are often accompanied by increased market volatility and clear directional changes in price. Currently, large holders are the main driving force behind this round of capital inflows; the average deposit size per transaction has risen from about 1 BTC to 2 BTC, reflecting that whales and institutional investors are transferring more Bitcoin to exchanges. At the same time, the number of Ethereum deposits into exchanges has risen to more than 1.25 million ETH, and the number of altcoin deposit transactions has also climbed to a high point in the past two months. CryptoQuant believes that a simultaneous surge in capital inflows for Bitcoin, Ethereum, and altcoins typically signals a broader rise in risk-avoidance sentiment and may foreshadow further increases in volatility in the crypto market. (The Block)