Bitcoin Market Remains Volatile Amid Whale Investor Activity

The cryptocurrency market continues to face challenges as the Bitcoin price remains stuck in a consolidation range. Despite a mild 1% increase in the past 24 hours, data from CryptoQuant suggests that the market is still at risk of further downside volatility.

CryptoQuant's latest market report highlights that the BTC exchange whale ratio has climbed to its highest level since 2015, reaching 0.64. This indicates that a significant portion of exchange deposits are coming from whales, which could put downward pressure on the price.

Furthermore, the average BTC deposit size has reached a level not seen since mid-2022, during the heat of the last bear market. This trend reinforces the idea that institutional or large investors are behind the increasing exchange supply.