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CryptoQuant: Bitcoin exchange daily deposit volume close to 50k BTC, if it falls below $60,000, it may drop to $53,000.

SmartContractAuditor
Odaily Planet Daily reported that CryptoQuant's report shows that the amount of Bitcoin deposited into centralized exchanges rose to nearly 50k BTC per day last week, marking the fourth time this year it has reached that level. The report states that this increase coincided with Bitcoin testing the key support level of $60,000, and if it falls below that level, Bitcoin could move toward the realized price of $53,000. During the same period, the average deposit size of Bitcoin roughly doubled from 1 BTC to 2 BTC, with CryptoQuant attributing the growth to whales and institutions rather than retail investors. Ethereum's daily inflow peaked at 1.25 million ETH, while the number of deposit transactions for other altcoins also rose to over 45k per day. Bitcoin rose 3.5% this week to $62,886, more than 50% below its October all-time high of $126,080; Ethereum rose nearly 12% this week to $1,787, about 64% below its all-time high of $4,946. (Decrypt).
BTC0.31%
ETH0.70%
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