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CryptoQuant said Bitcoin trading has become markedly more active, led by the spot market, as BTC rose toward $80,000.
The firm added that BTC spot trading volume has increased about threefold to fourfold, with Binance accounting for the largest share. Whale deposits to exchanges have also continued steadily, with the average deposit size topping 50 BTC per transaction. Altcoin inflows to exchanges have likewise increased about threefold, which suggests market participation has become more active again alongside Bitcoin’s price gains.