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Bitcoin deposits to exchanges spiked to 9,000 BTC on Nov. 21
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Nearly half of deposits came from large traders moving 100+ BTC at a time
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Average BTC deposit size hit a one-year high, signaling seller dominance
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Ether and altcoin deposits also rose as market pressure intensified
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CryptoQuant says selling activity has been led by large holders, not retail
Spike in Large Bitcoin Deposits Signals Active Selling
CryptoQuant reported that bitcoin inflows to exchanges rose sharply during last week’s drop to around $80,000. Deposits totaled 9,000 BTC on a single day, with 45% coming from large holders moving at least 100 BTC. The average deposit size more than doubled in November, reaching the highest level in a year.
Analysts say this pattern suggests that larger traders, not small investors, drove the recent sell-off.
Binance Sees Surge in Whale-Sized Deposits
The average deposit size on Binance climbed from 12 BTC earlier in the month to as high as 37 BTC, reinforcing the view that whales are rotating out of positions during the downturn.
Altcoins and Ether Also Saw Elevated Exchange Activity
Ether inflows also became dominated by large deposits, even though total volumes didn’t spike dramatically. Altcoin deposits remain historically high, with more than 40,000 daily transfers since July.
CryptoQuant says this broad uptick in exchange inflows shows sustained selling pressure across BTC, ETH, and altcoins.
