Exchange Deposits for Altcoins Surge 160% Over Two-Week Period
Analytics firm CryptoQuant has identified possible selling pressure building up as both deposit transaction volumes and depositing address counts have climbed to levels not witnessed since October 2025.
According to blockchain analytics platform CryptoQuant, exchange deposits involving altcoins have climbed to their highest transaction levels since October 2025, with the firm suggesting that cryptocurrency holders might be getting ready to liquidate their positions.
Key points:
- On Sept. 28, altcoin deposits to exchanges hit a seven-day cumulative total of 78,000 transactions, representing the highest figure recorded since October 2025.
- Approximately 51,600 unique addresses transferred altcoins to exchanges, marking the highest number in almost twelve months.
- Bitcoin's dominance in the overall cryptocurrency market capitalization has remained within a range that began in late May.
Altcoin exchange inflows hit highest levels since October 2025
Blockchain analytics provider CryptoQuant highlighted a significant spike in exchange deposit activity related to altcoins in their most recent weekly analysis published on Tuesday.
On Sept. 28, the platform's tracked exchanges recorded a seven-day total of 78,000 altcoin deposit transactions. This represented an increase of approximately 160% compared to the roughly 29,800 transactions observed on Sept. 14.
Altcoin exchange inflows have exploded to their highest levels since Bitcoin's last all-time high.
CryptoQuant
During the two-week period spanning Sept. 14 to Sept. 28, the count of unique addresses sending altcoins to exchanges nearly tripled, climbing from approximately 17,600 to 51,600.
According to CryptoQuant, the address count similarly achieved its highest point since October 2025. The analytics firm characterized the surge in exchange deposits as being widespread across multiple assets.
When holders move coins to exchanges, they usually intend to sell.
CryptoQuant
Bitcoin (BTC) has experienced a decline after momentarily exceeding $87,000 during the previous week, marking its first time reaching that level since January. According to Cointelegraph's coverage, changes in exchange order-book liquidity dynamics, along with movements in long-term holder supply patterns, have been identified as possible headwinds to additional near-term price appreciation.
Smaller altcoins' market share hits highest level since February
The rise in exchange deposit activity comes on the heels of recent indicators suggesting altcoins are outperforming Bitcoin.
During the previous week, the specialized Altcoin Cycle Signal metric from Glassnode indicated a preference for altcoins relative to Bitcoin. This particular metric analyzes price information for the 250 largest altcoins ranked by market capitalization, with stablecoins excluded from the calculation.
Bitcoin's proportion of the total cryptocurrency market capitalization, in the meantime, remained under 60%. Data from TradingView indicates that since May 27, Bitcoin dominance has fluctuated within a range of 58% to 60.4%.
Cryptocurrency assets positioned outside the top 10 based on market capitalization represented 9% of the overall market on Sept. 27, marking their largest share since February.
