In recent days, the market has seen a noticeable increase in the process of replenishing trading accounts. As an analyst, I am recording a steady inflow of liquidity, which may indicate a shift in sentiment among major players.
On-chain metrics data indicate that the volume of incoming transactions to exchange wallets has increased by 15-20% compared to the average figures of last week. Activity on the Ethereum network stands out in particular, where the average gas fee has jumped by 12%, which directly correlates with the increase in the number of deposits.
This behavior of capital often precedes significant price movements. When funds massively enter exchanges, it could mean preparation for buying on dips or, conversely, profit-taking before a correction. However, the current dynamics more closely resemble accumulation: replenishment volumes are rising, but selling pressure remains restrained for now.
I note that the peak of activity occurs during the Asian trading session, indicating the dominance of institutional investors from this region. If the trend continues over the next 48 hours, we may see a breakout of local resistance and a move toward the next psychological levels.
My comment: The increase in replenishments is a classic precursor to volatility. However, one should not blindly trust this signal: it is necessary to wait for confirmation in the form of rising trading volumes and a decline in stablecoin dominance. In the current conditions, I recommend looking at altcoins with high liquidity, as capital inflows often flow into them after the bitcoin market heats up.