Bitcoin Whales Send 49,000 BTC to Exchanges Amid $60K Rebound

Bitcoin's recent rebound above $60,000 is facing a test from exchange-flow and derivatives data. Large holders moved approximately 49,000 BTC to trading platforms on June 30, one of the largest daily inflows this year.

Data from CryptoSlate shows that Bitcoin was trading at $61,528 at press time, after dropping below $58,000 earlier in the week to a new bear-market low. The current price rebound has eased immediate pressure, but the market data behind it suggests a less secure recovery than the price alone indicates.

The 49,000 BTC transferred on June 30 is a significant concern for traders, as it increases the amount of Bitcoin available on exchanges and makes the market more exposed if sentiment weakens or buyers fail to absorb the added supply. The average deposit size doubled during this surge, rising from about 1 BTC to roughly 2 BTC.

This shift in deposit size suggests that the movement was led by larger holders rather than a broad wave of smaller retail transfers. A rise in many small deposits can reflect routine exchange activity, but a jump in average deposit size points to more deliberate repositioning by whales and institution-sized investors.