Whale deposits dominate; Exchange Whale Ratio 30-day SMA hits 0.6

Whale deposits now dominate BTC inflows. The 30‑day SMA of the Exchange Whale Ratio hit 0.6.

Analyst Maartunn reports the spike in the Exchange Whale Ratio. The top 10 deposits now account for 60% of exchange inflows source. That signals large transfers to exchanges.

In 2025, the 30‑day SMA hovered near 0.45. Whales were under half of deposits source.

The jump started as BTC fell toward $60,000 in early February. The ratio stayed elevated after price stabilized source.

Bitcoin trades near $68,400. Seven‑day change is over +4% source.

Speculative flows show a turn. The Inter‑exchange Flow Pulse (IFP) flipped up above its 90‑day SMA, pointing to a rebound in derivatives activity source, context.

Key numbers:
- Exchange Whale Ratio 30‑day SMA 0.6 now source
- 2025 average near 0.45 source
- IFP crossed above its 90‑day SMA source
- BTC around $68,400, 7D +4% source