The number of transactions and addresses transferring altcoins to exchanges has increased significantly, which CryptoQuant considers a possible sign of potential sell pressure.
Article
Altcoin exchange deposit transactions 2 weekly surge 160%, potential selling pressure may be building
BlockBeats news,September 30, according to the latest data from CryptoQuant, the number of altcoin deposits to exchanges 7 daily cumulative deposit transactions rose to September 28 rose to 78,000 transactions, up from approximately September 14 approximately 29,800 transactions, an increase of approximately 160%, reaching the highest level since 2025 years October years.
Over the same period, the number of addresses depositing altcoins to exchanges rose from approximately 17,600 to 51,600, nearly 3 times the previous level, also reaching a new high for nearly 1 years. CryptoQuant said that this round of growth in exchange inflows involved a relatively broad range of assets, and noted that holders transferring tokens to exchanges usually means they are preparing to sell. Therefore, the relevant data may signal potential selling pressure.
Meanwhile, altcoins have recently strengthened relative to Bitcoin. Bitcoin’s market-cap dominance has remained between May 27 since 58%and 60.4%; it is currently still below 60%. Crypto assets outside the top 10 by market capitalization accounted for September 27 of total market capitalization on 9%, the highest level since February this year.
Original link https://m.theblockbeats.info/flash/369781
Key points
01
CryptoQuant data shows that the 7 daily cumulative deposit transaction count for altcoins entering exchanges September 28 rose to 78,000 transactions.
02
This transaction count increased by approximately September 14 from approximately 29,800 transactions, an increase of approximately 160%, reaching a 2025-year October high.
03
During the same period, the number of addresses depositing altcoins rose from approximately 17,600 to 51,600, nearly 3 times the previous figure and reaching a nearly 1-year high.
04
CryptoQuant said that this round of exchange inflow growth was broad-based.
05
Bitcoin's market share has fluctuated between May 27 and 58%since 60.4%, and it remains below 60%。
06
the top 10 crypto assets outside the top September 27 account for 9%, the highest level this year February since
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
More addresses transferring altcoins to exchanges means the tokens available for trading may increase. CryptoQuant believes that transfers to exchanges are usually associated with preparation for selling, but a deposit itself does not mean that a sale has already occurred. Meanwhile, reports indicate that altcoins have recently outperformed Bitcoin.
Why it matters to readers
If these deposits are subsequently converted into sell orders, short-term supply and price pressure in the altcoin market could increase; however, the available data only shows that tokens were transferred to exchanges and cannot confirm that actual selling has occurred.
Beginners can understand “exchange deposits” as transferring tokens to a place where they are easier to sell. This is a signal to monitor and should not be treated on its own as proof that prices will inevitably fall.
Risks and unknowns
The report did not provide CryptoQuant’s original page or on-chain details, so the specific statistical methodology cannot be verified from the available evidence.
There is no data broken down by token or exchange, so it is impossible to determine which assets or exchanges account for the concentration of inflows.
There are no data on actual sell-off volume, trading volume, or platform balances, so it is impossible to confirm whether the deposits have been converted into selling.
Deposits to trading platforms may also be used for coin swaps or other trading purposes; therefore, potential sell pressure is only speculative.
Related Developments
Loading event timeline…
Related concepts
Altcoins
Refers to cryptocurrencies other than Bitcoin, which may be built on dedicated blockchains or use existing networks.
