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Bitcoin is back near $80K, but something important is missing: a major spike in large exchange deposits.
$BTC closed at $78,450 on September 8, while the top-10 exchange inflows were 5,442 BTC.
That’s higher than the previous day, but still close to normal levels. The 7-day average is 4,678 BTC/day.
So far, the recovery isn’t showing unusually high large-holder deposits to exchanges.
Less evidence of strong selling pressure from whales.
The key thing to watch now:
If BTC starts weakening while the 7-day inflow average keeps rising, that could be a warning sign.