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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

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Categories:

Hot right now:

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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Bitcoin Exchange Deposits Plunge, Is 2017- Style Crypto Bull Run Ahead?

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The post Bitcoin Exchange Deposits Plunge, Is 2017- Style Crypto Bull Run Ahead? appeared first on Coinpedia Fintech News

The Bitcoin price has surged by 9.4% over the last seven days, with a single-day spike of 9.65% between April 21 and 22. This rally comes amid a notable shift in on-chain behavior—one that echoes patterns seen before Bitcoin’s historic 2017 bull run.

Fewer BTC Sent to Exchanges — A Bullish Signal?

Bitcoin addresses depositing BTC to exchanges
Source : CryptoQuant

According to crypto analyst Axel Adler Jr, the number of Bitcoin addresses depositing BTC to exchanges is steadily declining—a trend that’s been in motion since 2022. His analysis, based on the Bitcoin Exchange Depositing Addresses Count chart, shows:

  • 30-day average: ~52,000 addresses
  • Yearly average: ~71,000 addresses
  • 10-year average: ~92,000 addresses

This significant drop suggests a cooling in selling pressure. Typically, when investors move BTC to exchanges, it signals an intent to sell, so fewer deposits imply growing confidence in holding.

Chart Flashback: December 2016

Bitcoin Price

The current address count mirrors levels not seen since December 2016. Back then, Bitcoin recorded a monthly gain of 29.2%, followed by an explosive 1,369% price rally in 2017. Could history be repeating?

Adler believes so. He interprets the decline in exchange deposits as a sign of rising HODL sentiment—investors choosing to hold rather than sell.

What It Means for Bitcoin Price

With fewer coins moving to exchanges and recent gains of 13.3% in the past two weeks, the Bitcoin price appears primed for further upside. If the pattern follows that of late 2016, this could mark the early stages of a substantial bull run.

As HODLing gains momentum and selling pressure wanes, Bitcoin’s path to new all-time highs might be closer than it seems.

Never Miss a Beat in the Crypto World!

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FAQs

How much will 1 Bitcoin cost in 2025?

As per Coinpedia’s BTC price prediction, 1 BTC could peak at $168k this year if the bullish sentiment sustains.

How much will 1 Bitcoin be worth in 2030?

With increased adoption, the price of 1 Bitcoin could reach a height of $901,383.47 in 2030.

How much will the price of Bitcoin be in 2040?

As per our latest BTC price analysis, Bitcoin could reach a maximum price of $13,532,059.98

How high will Bitcoin go in 2050?

By 2050, a single BTC price could go as high as $377,949,106.84

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