Altcoin Exchange Deposits Surge to Highest Level Since October 2025
- Altcoin exchange deposits reached a total of 78,000 transactions on Sept. 28, up by approximately 160% from around 29,800 on Sept. 14.
- The number of addresses sending altcoins to exchanges rose to about 51,600, marking its highest count in nearly a year.
- Bitcoin’s market capitalization dominance has remained between 58% and 60.4% since late May.
- Crypto assets outside the top ten by market cap accounted for approximately 9% of the total on Sept. 27, their highest share since February.
The recent surge in altcoin exchange deposits suggests that holders may be preparing to sell as they move coins to exchanges, according to CryptoQuant’s analysis. This trend follows indications of altcoin outperformance against Bitcoin and reflects a significant shift in trading activity.
With a notable increase in altcoin deposit transactions and address counts reaching their highest levels since October, the market is witnessing significant movements that could impact future trading strategies.(Source)
