CryptoQuant: Large Bitcoin holders increased deposits to exchanges last week

Jinse Finance reported that, according to on-chain analytics firm CryptoQuant, after bitcoin prices dropped to around $80,000 last week, large traders increased the amount of bitcoin sent to exchanges. On November 21, the total daily bitcoin inflow to exchanges reached 9,000 coins, with 45% coming from large deposits of 100 coins or more in a single transaction, marking a one-year high. Meanwhile, exchange deposit activity for ethereum and other altcoins also remained high, with the average single ethereum deposit rising to 41.7 coins, the highest in nearly three years. The daily number of altcoin deposits has remained elevated since July, peaking at 78,000 transactions on October 17, reflecting active exchange flows amid continued selling pressure in the market.