The cryptocurrency market is entering a phase of heightened uncertainty. On June 30, the volume of bitcoin deposits on centralized exchanges surged sharply, reaching nearly 49,000 BTC. This is a rare event, observed only four times this year when daily inflows approached the 50,000 BTC level. Historically, such a spike is a precursor to significant price movements.
The key point is that the current increase in deposits is driven not by retail investors but by large holders. The average deposit transaction size has risen from 1 BTC to 2 BTC, indicating the movement of larger volumes of the asset. This is an important signal: when major players begin to massively transfer funds to exchanges, it often precedes periods of heightened volatility and, typically, bearish pressure on the price.
Ethereum and Altcoins Follow the Pattern
The trend is not limited to bitcoin. Ethereum deposits on exchanges at the end of June exceeded 1.25 million ETH, also pointing to increased selling pressure. Simultaneous spikes in inflows for the two largest assets historically signal a broader market shift into a risk-off mode. Altcoin activity has also increased: the number of deposit transactions at the start of the week reached nearly 45,000 — a two-month high.
This pattern was already observed in early May, when a similar spike preceded bitcoin's decline from $82,000 to below $58,000 by the end of June. The repeated breach of this threshold amid a test of the $60,000 support level requires increased caution from market participants. If this level breaks, the price could approach the realized price of around $53,000. At the time of analysis, bitcoin was trading near $62,420.
Expert Opinion: The market is at a critical point. The simultaneous increase in deposits for bitcoin, Ethereum, and altcoins is a rare combination that historically precedes significant corrections. Investors should closely watch the $60,000 level: its breach could trigger a cascade of liquidations and an accelerated decline to $53,000. This is not a time for aggressive buying — it is better to adopt a wait-and-see stance.