A recent CryptoQuant alert has revealed a significant influx of Bitcoin (BTC) into various derivatives exchanges. Over the past hour, a total of 16,624.65 BTC, equivalent to approximately 2 trillion KRW, has been deposited. The deposits were distributed among three major exchanges: Kraken received the lion's share with 16,258 BTC, followed by Binance with 258 BTC, and Bitfinex with 50 BTC. Typically, deposits into exchanges are often interpreted as an intent to sell, while withdrawals suggest a desire to hold the cryptocurrency. However, it's crucial to note that exchange deposits don't always lead to immediate selling pressure. CryptoQuant clarifies this point, stating, "In the case of exchanges supporting custody, large deposits may be from custodial clients," indicating that these transfers could be for storage purposes rather than immediate trading activity. This influx of Bitcoin to exchanges warrants close monitoring to gauge its potential impact on the cryptocurrency's price. ```

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