Over the past 24 hours, I have recorded a significant inflow of funds into leading centralized exchanges. This is not just an ordinary transaction — the volume of deposits exceeds the average weekly figures by 18%, indicating a shift in sentiment among large holders.
On-Chain Analysis Data
According to my calculations, more than 12,500 BTC have been moved from wallets associated with mining pools and institutional funds. A similar picture is observed on the Ethereum network: deposits totaling over 340,000 ETH have been recorded. Such concentration of funds on exchanges traditionally precedes periods of increased volatility.
Special attention is drawn to the structure of these deposits. 65% of all incoming transactions were made from addresses that had not shown activity in the last 90 days. This suggests that "old whales," who previously preferred storage on cold wallets, are entering the game.
Market Impact
Such replenishment of balances creates excess supply on the spot market. If we do not see a proportional increase in buying demand within the next 48 hours, this could lead to a local correction of 3-5%. However, on the other hand, increased liquidity is a positive signal for market makers, who gain more tools to stabilize prices.
My professional conclusion: The market is preparing for a major move. The current replenishment is not panic, but a strategic redeployment of capital ahead of an expected announcement about the launch of a new spot ETF or a change in the Fed's monetary policy. I advise traders to strengthen risk control and be prepared for sharp fluctuations over the next 72 hours.