Bitcoin to $53 thousand? Deposits on the stock market rise as analysts warn of increased volatility

Bitcoin Deposits on centralized exchanges — which are often a precursor to sales — rose last week as bitcoin fell below $60,000, according to data compiled by a blockchain analytics firm. Cryptoquant.

Deposits of the top crypto assets have reached nearly 50,000 BTC per day, reaching this number for only the fourth time so far this year. In all other cases, this resulted in a significant increase in price volatility, according to the company.

“The rise coincides with Bitcoin testing the critical support level of $60,000, which, if breached, could take Bitcoin towards $53,000, the achieved price,” said a CryptoQuant report released on Thursday. “At these flow levels, the market absorbs a significant amount of Bitcoin being placed back on exchanges, a pattern that has historically preceded significant directional moves.”

Not only did the quantity of deposits increase, but also their size. During this period, the average bitcoin deposit nearly doubled from 1 bitcoin to 2 bitcoin, an indication that the increase in deposits was driven by whales and institutions, not retail traders, the company said.

In the past, this indicator preceded bearish price movement.

“Historically, a rise in the average size of deposits from larger entities is a more bearish signal than a rise in the size of inflows alone, because it indicates deliberate repositioning rather than routine activity,” the report notes.

Bitcoin’s peers were not spared Ethereum Daily flows peaked at 1.25 million per day, and other altcoin deposit transactions also jumped significantly to over 45,000 per day. Its highs also support the possibility of a period of increased volatility in the cryptocurrency market.

“Historically, increases in altcoin deposit transactions have served as inflection points for cryptocurrency prices and have signaled increased volatility to come,” the report notes. “This signal has already appeared specifically in 2026: Bitcoin’s decline from $82,000 in early May to below $58,000 in late June, preceded by a similar rise in altcoin deposits above $45,000.”

After spending some time below $60,000, bitcoin rebounded moderately this week, jumping 3.5% to trade at $62,886. At the moment, Bitcoin is now just under 50% off its October all-time high of $126,080.

Meanwhile, Ethereum’s price rose nearly 12% this week to trade at $1,787 — about 64% from its all-time high of $4,946.