Cryptoquant Data Shows Whale Deposits at Highest Level Since July 2024 Near Bitcoin Key Resistance
Key Takeaways: Cryptoquant researchers noted a parallel with January 2026, when the average deposit size peaked near 2 BTC ahead of bitcoin‘s drop from $100,000 to $60,000. The current reading of 2.25 BTC exceeds that of the prior peak, suggesting a more concentrated distribution effort at current price levels. Daily realized profits stand at approximately $500 million, below the $1 billion threshold that Cryptoquant identifies as a significant profit realization event in bear markets. Bitcoin holders who accumulated between $65,000 and $76,000 are now sitting on unrealized gains, creating conditions for accelerated profit-taking if price holds or climbs higher. Cryptoquant data shows that in previous bear market rallies, realized profit spikes above $1 billion have coincided with or slightly preceded local price tops. The current reading suggests profit-taking has not yet reached that stage. If bitcoin pushes toward or past the $76,800 Traders’ Realized Price, Cryptoquant researchers say daily realized profits could move meaningfully toward the $1 billion mark. That would add further selling pressure and raise the probability of a rally stall or reversal at current levels. The confluence of rising exchange inflows, higher average deposit sizes, and growing large-holder concentration at a historically resistant price level presents a clear set of signals for traders watching near-term direction. Cryptoquant’s data does not rule out further upside, but the onchain picture as of mid-April 2026 reflects a market where large holders are actively positioning near resistance, and where the cost basis of short-term traders sits just above current prices.About Author
