{"id":33549,"date":"2025-06-25T06:31:44","date_gmt":"2025-06-25T06:31:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33549"},"modified":"2025-06-25T06:31:44","modified_gmt":"2025-06-25T06:31:44","slug":"bitcoin-deposit-activity-drops-to-historic-low-as-etfs-and-long-term-holding-gain-ground","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33549","title":{"rendered":"Bitcoin Deposit Activity Drops To Historic Low As ETFs And Long-Term Holding Gain Ground"},"content":{"rendered":"
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As Bitcoin (BTC) continues to hold<\/a> above the psychologically important $100,000 price level, a \u201ctrue paradigm shift\u201d is emerging among investors. Notably, exchange deposit activity is declining, signalling growing confidence in BTC as a reliable store of value.<\/p>\n

Bitcoin Deposit Address Activity Plunges To Historic Lows<\/h2>\n

According to a recent CryptoQuant Quicktake post by on-chain contributor Darkfost, there has been a noticeable shift in the number of BTC wallet addresses depositing to exchanges since the 2021 bull cycle.<\/p>\n

The analyst shared the following chart to support their analysis. It shows a steady increase in the number of addresses depositing BTC on exchanges between 2015 and 2021, peaking at an annual average of approximately 180,000.<\/p>\n

\"bitcoin\"<\/p>\n

However, this trend has sharply reversed since then and has shown no signs of recovery. Notably, the 10-year average for the number of addresses depositing BTC to exchanges currently sits around 90,000.<\/p>\n

Shorter-term metrics reinforce this decline. The 30-day moving average (MA) is hovering around 48,000, while the daily figure has dropped to just 37,000. This drastic behavioral shift among investors can be attributed to two key factors.<\/p>\n

First, the emergence of BTC exchange-traded funds (ETFs) has redirected a significant portion of demand away from spot exchanges. ETFs allow exposure to Bitcoin\u2019s price performance without the complexity or risk of self-custody.<\/p>\n

Second, retail participation has been relatively subdued<\/a> in the current market cycle, naturally reducing the number of active deposit addresses.The analyst noted:<\/p>\n

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More investors, and now even companies, are adopting a long-term vision for BTC, choosing to hold it as savings or treasury reserves rather than actively trading it.<\/p>\n<\/blockquote>\n

Is BTC Preparing For A New High?<\/h2>\n

As the number of addresses depositing BTC to exchanges continues to decline, several indicators point toward the potential for a new all-time high (ATH). Recent analysis by crypto analyst CryptoGoos suggests<\/a> that short-term sellers are \u201cgetting exhausted,\u201d implying that selling pressure may ease soon.<\/p>\n

Similarly, the Bitcoin Rainbow Chart \u2013 a long-term valuation model used to identify overvaluation and undervaluation zones \u2013 recently flashed<\/a> a \u201cbuy\u201d signal. Although, the wider market demand remains weak.<\/p>\n

Macroeconomic conditions are also turning favorable. An increase in the global M2 money supply is expected to benefit risk-on assets like Bitcoin. Some experts now predict<\/a> BTC could rise as high as $150,000 as liquidity expands.<\/p>\n

That said, not all signs are bullish. Miner-to-exchange transfers have recently spiked<\/a> to historic highs, potentially signalling increased selling pressure from BTC miners. At press time, BTC is trading at $105,141, up 2.6% in the past 24 hours.<\/p>\n

\"bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

As Bitcoin (BTC) continues to hold above the psychologically important $100,000 price level, a \u201ctrue paradigm shift\u201d is emerging among investors. Notably, exchange deposit activity is declining, signalling growing confidence in BTC as a reliable store of value. Bitcoin Deposit Address Activity Plunges To Historic Lows According to a recent CryptoQuant Quicktake post by on-chain […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-33549","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33549"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33549\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}