Exchange BTC Deposits Surge as Bitcoin Encounters $75K Price Barrier
Deposits of Bitcoin to exchanges reached a month-long peak, indicating potential sell-off momentum while BTC encounters critical resistance points before the Federal Reserve's interest rate announcement.
Major centralized cryptocurrency trading platforms witnessed a notable surge in hourly Bitcoin deposits during Monday's trading session as digital asset markets experienced upward momentum, with market analysts cautioning that such activity may indicate impending selling pressure.
The volume of Bitcoin flowing into exchanges on an hourly basis surged to 6,100 BTC on March 16, representing the most significant level observed since Feb. 20, according to a report published on Tuesday by Julio Moreno, who serves as head of research at CryptoQuant.
Moreno further noted that large-volume inflows accounted for 63% of total incoming deposits, marking the highest proportion registered since the middle of October 2025.
This development coincides with Bitcoin's impressive rally of approximately 12% throughout the current month, with prices reaching a six-week peak of roughly $76,000 on March 17.
Market participants frequently transfer Bitcoin (BTC) to trading platforms as a preparatory step before executing sales or converting their holdings into stablecoins.
Historically, spikes in large deposits to exchanges have been associated with increased selling pressure.
Julio Moreno, CryptoQuant
Fed may signal no rate cuts this year
The surge in deposits flowing to exchanges arrives mere days ahead of the Federal Reserve's scheduled gathering and interest rate determination on Wednesday, an event that carries the potential to influence cryptocurrency market sentiment significantly.
Nevertheless, financial markets have already factored in the expectation of no modifications to the United States interest rate during the current month, with CME futures data showing a 98.9% probability of rates staying unchanged and merely a 1.1% likelihood of an increase.
The Federal Reserve might even communicate the possibility of zero interest rate reductions throughout the entirety of this year in light of the ongoing US-Iran conflict and mounting inflationary pressures, as reported by the Associated Press on Wednesday.
Bitcoin realized price resistance at $75,000
Moreno additionally observed that should Bitcoin maintain its upward trajectory, the cryptocurrency would likely encounter its initial resistance zone at the $75,000 price level.
These levels represent the lower band of the traders' onchain Realized Price, which historically acts as price resistance in bear markets.
Julio Moreno, CryptoQuant
The digital asset approached but failed to breach the $75,000 threshold on three separate occasions on the Coinbase platform during the previous 24-hour period, meeting resistance at each attempt, as indicated by data from TradingView.
The genuine Realized Price, representing the average cost basis at which active market participants break even, previously served as a resistance barrier during October and January, and currently stands at approximately $84,700.
