## Massive BTC Deposit into Spot Exchanges Raises Questions A significant amount of Bitcoin (BTC) has been deposited into spot exchanges recently, sparking debate about its potential impact on the market. According to a CryptoQuant alert, a total of 4,552.72 BTC, valued at approximately 733.2 billion KRW, was deposited in the last hour. The bulk of this deposit, 4,550 BTC, landed on Coinbase Advanced, while Upbit and Indodax each received 1 BTC. ## Deposit Purpose: Selling Pressure or Custody? Traditionally, deposits to exchanges are viewed as a precursor to selling, while withdrawals suggest accumulation. However, the situation is more nuanced. CryptoQuant clarified that large deposits on exchanges offering custody services often originate from custody clients simply moving their assets. This makes it difficult to definitively interpret the intent behind the recent influx. ## Market Impact Uncertain Whether this deposit leads to increased selling pressure or simply represents a shift in custody remains to be seen. Traders will be closely monitoring market activity for further clues. Any significant sell-off following this deposit could indicate a bearish sentiment, while a period of stability might suggest the deposit is related to custody services. ```

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