Bitcoin Exchanges See $3.6B in Deposits From Holders Underwater

Bitcoin buyers accumulated recently have been transferring roughly $3.6 billion worth of the asset to exchanges while positioned below their purchase prices, according to Decrypt. The report also pointed to a sharp increase in Binance inflows involving recently moved coins, adding detail to the scale of the transfers without establishing that every deposited Bitcoin was sold. Cointelegraph reported that BTC fell to an 11-week low of $72,670 after moving below the estimated average cost basis of short-term holders, which CryptoQuant placed at about $75,700. This threshold helps frame the reported exchange activity: a substantial portion of recently acquired coins was being deposited while the market was trading below the average price paid by that group. The two publications corroborate the broader connection between short-term holder losses and pressure around Bitcoin, but they emphasize different parts of the picture. Decrypt quantified the transfers at $3.6 billion and highlighted Binance’s rising inflows, while Cointelegraph supplied the 11-week price low and the $75,700 cost-basis estimate attributed to CryptoQuant. No outlet in the supplied coverage directly contradicts the other.

Live data show Bitcoin at $73,995, up 0.86% over 24 hours but down 7.97% over the past seven days. Its market capitalization is $1.49 trillion, while the total crypto market stands at $2.52 trillion and is broadly flat. The Fear & Greed reading is 28, placing sentiment in the Fear zone. The development matters because exchange deposits can expand the pool of coins immediately available for selling, although a transfer alone does not confirm an exit. Continued attention to the $75,700 cost-basis area, the $72,670 11-week low and the pace of Binance inflows would show whether short-term holders remain under pressure or whether the market moves back above their estimated average acquisition cost.