Cryptoquant Reports Surge in Bitcoin, ETH Selling Pressure as Prices Set Records
2025-07-19 17:41:26
Main Idea
Cryptoquant reports a significant increase in Bitcoin and Ethereum selling pressure as prices reach new highs, driven by whale activity and miner outflows.
Key Points
1. Bitcoin exchange inflows surged from 19,000 BTC to 81,000 BTC on July 15, the largest single-day deposit since February 26, primarily due to whale activity.
2. Miner outflows spiked to 16,000 BTC on July 15, classified as an 'extreme outflow,' the highest since April 7, with most selling at peak prices.
3. Ethereum exchange deposits nearly reached 2 million ETH on July 16, doubling from the previous week and hitting the highest level since February 26.
4. Despite the rally, overall selling pressure remains below prior market peaks, with only 31,000 BTC sold compared to 120,000 BTC in March and December 2024.
5. Cryptoquant's analysis highlights subdued altcoin activity, presenting a complex market picture despite the broader rally.
Description
Large bitcoin holders and miners significantly increased transfers to exchanges following bitcoin’s climb to a new all-time high near $123,000 last week, according to the latest data from onchain analytics firm Cryptoquant. Onchain Data Tracks Massive Miner, Bitcoin Whale Exodus Cryptoquant’s Weekly Crypto Report reveals that total daily bitcoin exchange inflows surged dramatically from 19,000
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