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Retail Bitcoin deposits to the Gate exchange surged to a 2026 high as the cryptocurrency climbed from about $64,000 toward $80,000. Hourly inflows reached $11.33 million on August 29, with more than 11 notable spikes recorded between August 23 and August 30 across wallet sizes from 0.1 BTC to 10 BTC. Analysts caution that deposits represent potential selling capacity rather than confirmed sales, since Gate also offers stocks, commodities and derivatives trading. Long-term holder distribution rose 61.5% over the same period, while spot-demand growth turned negative for two sessions even as futures demand stayed positive. Bitcoin held near $77,800 with support at $75,870 and resistance between $80,000 and $81,000.
Key Elements

Retail-sized Bitcoin deposits flowing into the Gate exchange climbed to their highest level of the year late last month, a sign that the cryptocurrency’s advance from roughly $64,000 toward $80,000 has encouraged a wave of repositioning by smaller holders.
On August 29, hourly deposits reached $11.33 million, the strongest single-hour reading recorded in 2026, according to data from CryptoQuant. The exchange logged more than 11 notable spikes in retail inflows between August 23 and August 30, a period when Bitcoin was steadily grinding higher and repeatedly testing the area just below its round-number resistance.
The flow pattern was broad-based across wallet sizes. Transfers from accounts holding between 1 BTC and 10 BTC contributed heavily to the latest cluster of inflows, while activity from the 0.1 BTC to 1 BTC group also picked up meaningfully. That suggests the movement was not limited to holders shuffling tri represent accumulated gains from the rally
CryptoQuant analyst Maartunn cautioned that deposits do not automatically equate to selling pressure. Gate offers customers access to cryptocurrencies, stocks and commodities, which means capital moving onto the platform could be earmarked for derivatives collateral, altcoin rotation, or even traditional asset trades rather than an immediate exit from Bitcoin.
“The $11.33 million reading therefore measures potential selling capacity rather than confirmed sales,” he said. The exchange also represents only one segment of the global market, and comparable inflow growth across other platforms would be needed to establish a case for widespread distribution.
The Gate data arrives alongside separate CryptoQuant figures showing that older coins became noticeably more active during the same rally. The 30-day sum of long-term-holder distribution rose from 174,500 BTC to 281,900 BTC between August 18 and August 28, an increase of 61.5% and the highest reading since the start of 2026.
That metric tracks movement among coins held for extended periods, not necessarily coins arriving on exchanges or being sold outright. Some of the activity may reflect profit realization, while other transfers could stem from custody changes or internal wallet management. Still, the jump indicates that Bitcoin’s roughly 25% advance from its August low created a more attractive window for holders sitting on sizable unrealized gains.
Price action has so far absorbed the additional supply. Bitcoin traded near $77,800 around 13:30 UTC on September 1, after reaching an intraday high of $79,180. The nearest daily support sits at approximately $75,870, the 0.236 Fibonacci retracement of the move up from $57,750. The cryptocurrency also remains above its 50-, 100- and 200-day simple moving averages, which are clustered between roughly $66,200 and $69,500.
Daily RSI has cooled to 67.19 after pushing above 70 during the rally, suggesting momentum has eased without inflicting technical damage. The market is consolidating above support but has not yet reclaimed its recent highs.
Spot and futures demand diverge
A notable divergence has emerged in the demand picture. CryptoQuant’s 30-day demand-growth measure turned negative for spot trading during two consecutive sessions, while perpetual-futures demand growth remained positive and increased in the latest reading.
The gap points to stronger expansion in derivatives positioning than in direct coin purchases. Futures allow traders to gain Bitcoin exposure without taking delivery of the asset, often with leverage, and those positions can build quickly during a rally but unwind just as fast when price turns against them.
Renewed spot participation would be important for the durability of any breakout above $80,000, since direct buyers must absorb the Bitcoin being offered to the market. The current sample is short and overlaps with the end of August, when thinner liquidity may have affected the spot reading, so two negative sessions do not establish a lasting shift in demand.
The Gate inflows are not the only sign of rising exchange balances. Coindoo recently reported that Binance reserves were increasing while short-term holders booked modest profits, bringing long-term holders into the same supply-side discussion just as spot demand growth weakened.
The latest readings leave Bitcoin with three identifiable outcomes. A daily close above the $80,000 to $81,000 resistance zone would carry more weight if spot-demand growth also returned above zero. A hold between $75,870 and $80,000 would keep the market in consolidation while participants wait for a clearer balance between available supply and direct demand. A confirmed daily breakdown below $75,870 would weaken the recovery and expose the next Fibonacci support near $72,400.
Bitcoin has preserved its technical structure despite heavier activity from older coins and rising retail deposits to Gate. The unresolved question is who finances the next leg higher: buyers taking ownership of Bitcoin outright, or traders adding leveraged exposure through derivatives. A breakout accompanied by positive spot-demand growth would answer that question far more convincingly than another increase in futures activity alone.
Note: Deposit figures and demand-growth metrics aree’s multi-asset trading capabilities mean inflows should be interpreted as potential, rather than confirmed, selling capacity
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Source: finance.biggo.com

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