Bitcoin Exchange Deposits Spike to 50,000 BTC Per Day as Analysts Warn of Volatility Risk

According to CryptoQuant, Bitcoin deposits to centralized exchanges surged to nearly 50,000 BTC per day in the last week as BTC declined below $60,000. The average deposit size approximately doubled to 2 BTC, indicating the spike is being driven by whales and institutional investors rather than retail traders.

Historically, this level of exchange deposits has preceded significant price volatility. If Bitcoin breaks below the $60,000 support level, it could potentially fall toward $53,000, according to CryptoQuant's Thursday report. The firm noted that similar deposit patterns in 2026 preceded Bitcoin's decline from $82,000 in early May to below $58,000 in late June.