CryptoQuant flagged potential selling pressure as deposit transactions and depositing addresses hit their highest counts since October 2025.
Altcoin exchange deposits have reached their highest transaction count since October 2025, according to CryptoQuant, which warned that holders may be preparing to sell.
In its latest weekly report released on Tuesday, onchain analytics platform CryptoQuant flagged a surge in exchange deposits involving altcoins.
The seven-day count of altcoin deposit transactions on exchanges tracked by the platform reached 78,000 on Sept. 28. That was up about 160% from around 29,800 on Sept. 14.
“Altcoin exchange inflows have exploded to their highest levels since Bitcoin’s last all-time high,” CryptoQuant noted.
Altcoin exchange inflow transactions. Source: CryptoQuant
Between Sept. 14 and Sept. 28, the number of addresses depositing altcoins to exchanges almost tripled from around 17,600 to 51,600.
CryptoQuant said the address count also reached its highest level since October 2025. It described the increase in exchange inflows as broad-based.
“When holders move coins to exchanges, they usually intend to sell,” it added.
Altcoin exchange inflow address count. Source: CryptoQuant
Bitcoin (BTC) has pulled back since briefly topping $87,000 last week for the first time since January. As Cointelegraph reported, shifts in exchange order-book liquidity, as well as long-term holder supply, have been cited as potential obstacles to further short-term gains.
The increase in exchange deposits follows recent signs of altcoin outperformance against Bitcoin.
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