Bitcoin large holder exchange deposits drop to the lowest since 2018, market pattern shows anomalies

Source: Yellow Original Title: Bitcoin Wholecoiners’ Deposits Reach Lowest Levels Since 2018 Market Cycle

Original Link: Bitcoin full coin holders have significantly reduced deposits to major exchanges as the asset trades below $90,000, marking a deviation from the historical pattern of deposits increasing with price rises.

Changes in Exchange Deposit Patterns

A leading exchange has recorded a sharp decline in deposits from investors holding at least one full Bitcoin. Market data analysis shows that the average annual deposit amount is now around 6,500 BTC, equal to the levels last seen in 2018.

Weekly averages have fallen to approximately 5,200 BTC, one of the lowest levels recorded in the current market cycle.

These figures represent transactions involving one or more Bitcoins. Analysts often use this data to gauge selling pressure and institutional behavior.

This decline contradicts previous cycles, where rising prices typically corresponded with increased deposits from large holders.

Why This Matters: Evidence of Technical Thresholds

Bitcoin continues to trade below $105,400, the short-term holder cost basis, which measures the average purchase price of recent buyers. The asset has remained below this threshold for nearly two months.

However, prolonged weakness below the cost basis has historically preceded bear markets, making further price declines a key risk factor.

Analysts suggest that these periods may offer accumulation opportunities for long-term investors, though they caution that, given the indicator’s sustained negative trend during long-term downturns, entry points should be carefully evaluated.