TL;DR:

Inflows to exchanges reached 11,000 BTC per hour last Wednesday.
The on-chain realized price of traders at $76,800 acts as a critical resistance.
Average deposits rose to 2.25 BTC, driven by movements exceeding 1,000 BTC.

During Thursday’s session, the crypto market witnessed a massive whale inflow toward exchanges. Large holders mobilized assets while the price of Bitcoin struggles to overcome the psychological barrier of $76,000.

Data from CryptoQuant reveals that the average deposit on exchanges jumped to 2.25 BTC, the highest figure since July 2024. This increase in transaction size toward Binance suggests imminent preparation for asset distribution.

Currently, the volume of large deposits went from less than 10% to more than 40% of the total flow in just a few days. This acceleration in selling pressure coincides with Bitcoin trading near $74,370 after a slight rebound.

It is worth remembering that in January 2026, an identical pattern was observed that preceded a double-digit correction. Analysts warn that the $76,800 zone represents the realized price of traders, a ceiling that has been unbreakable recently.

In addition to technical factors, global macroeconomic uncertainty is playing a leading role in market sentiment. Geopolitical tensions and volatility in oil prices keep investors in a constant state of alert.

Selling pressure and key support levels

The recent ascent from $64,000 has been notable, but on-chain analysis shows that the speed of the trend change is concerning. Whales seem to prioritize liquidity in the face of a possible stagnation at current prices.

If the bearish outlook materializes due to this distribution, the next vital support level is at $67,600. This range represents the lower band of the realized price and could serve as a safety net for the bulls.

Despite the caution, some sectors remain optimistic about the medium-term future of the pioneer crypto. In prediction markets like Myriad, users give a 66% probability that the next big move will take Bitcoin toward $84,000.

However, the immediate reality is dictated by the behavior of institutional wallets in recent days. The urgency to position for a potential massive sell-off is evident in the flow peaks toward direct trading platforms.

In short, while retail sentiment remains bullish, whale activity suggests that the path to new highs will face fierce resistance. The market must absorb this institutional supply to consolidate support above $74,000.

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Filed under: News - @ April 17, 2026 12:24 am