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On-chain analytics firm CryptoQuant is warning of elevated volatility ahead after bitcoin deposits to exchanges climbed to nearly 49,000 BTC — a level the company calls "a rare extreme." That threshold has appeared only four other times this year, and the current spike arrives alongside a simultaneous surge in altcoin exchange deposits.
What the On-Chain Data Shows When coins move onto exchanges, the working assumption in on-chain analysis is that holders are positioning to sell.
A jump of this size in a short window compresses potential supply into a venue where it can be liquidated quickly — the precondition for sharp price moves in either direction.
CryptoQuant's characterization of the reading as rare is the key data point here: four occurrences in a calendar year means the signal is not routine noise. The parallel move in altcoin deposits compounds the read.
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