Well now, gather ’round dear folks, for Iāve a tale to spin about Bitcoin, that most audacious of cryptocurrencies. It seems that this rascal has been acting like a cat on a hot tin roof, reaching heights I reckon we ain’t seen before! Yet, lo and behold, in a most perplexinā twist, the good folks with coins in their pockets appear less interested in cashing in their chips.
As sharp-eyed analysts over at CryptoQuant have hollered out, the inflows of Bitcoin and its mischievous cousins, the altcoins, are as low as a snakeās belly in a wagon wheel rut. Despite all them pockets getting heavier, folks seem mighty content to just sit tight, seemingly rememberin’ the age-old saying: āA bird in the hand is worth two in the bush.ā
Bitcoin Exchange Inflows Take a Dive
From the learned whispers at CryptoQuant, it seems weāve dropped to a paltry 18,000 BTC flitting into exchanges daily, a number that harkens back to the days of yore, April 2015 to be exact. Just to tickle your fancy, we peaked at a whopping 81,000 BTC back in November 2024 when we were all a-chasinā that pesky $100,000 mark like it was a chicken on the run.
Now, those bigwigs holding hefty bags of BTC are sendin’ their treasures off to exchanges with all the eagerness of a cat being thrown into a river. The daily contribution from these high-rollers has plummeted from a glorious 62,000 BTC in the golden days of November to a mere trickle of 7,000 today. Seems like thereās no need for a fire sale just yet; folks are just sittin’ back, enjoyin’ the view.
Ether is singinā a similar sad tune, with inflows droppinā to levels not seen since October 2024. Today, only 584,000 of the greenish coins are makin’ their way to exchanges, a far cry from the 1.57 million in February 2025. With ether surginā like a geyser since early April, one must wonder if itās keepinā its secrets close to the vest, too.
No Pressure on Altcoins Either
Now letās not forget about our sprightly little friend, XRP. After strutting its stuff to a raucous 400% uptick from a mere 50 cents to a whopping $2.60, youād think the whales would be diving right back in ’round the olā Binance. But alas, wise investors have taken to the sidelines, watchinā with eyes as wide as saucers while the inflows plummet from a wintery 10 billion XRP down to a measly 4 million. Talk about a rollercoaster ride with the brakes cut!
It seems that the entire altcoin circus is quite a sleepy affair, with inflows dippinā from a boisterous 120,000 in March and December 2024 down to just 21,000. Seems like after a good oleā rally, traders usually love to take home a piece of the pie, but today? Itās a whole different ball game.
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2025-07-12 16:13