CryptoQuant says altcoin exchange deposits jump 160% in two weeks

CryptoQuant said the seven-day count of altcoin deposit transactions on exchanges it tracks reached 78,000 on Sept. 28, its highest level since October 2025. The count was up about 160% from around 29,800 on Sept. 14. Between those dates, the number of addresses depositing altcoins to exchanges almost tripled from around 17,600 to 51,600. CryptoQuant said the address count was also its highest since October 2025 and described the increase in inflows as broad-based. CryptoQuant warned that holders may be preparing to sell, saying holders usually intend to sell when they move coins to exchanges. Bitcoin has pulled back since briefly topping $87,000 last week for the first time since January. Shifts in exchange order-book liquidity and long-term holder supply have been cited as potential obstacles to further short-term Bitcoin gains. Glassnode's Altcoin Cycle Signal favored altcoins over Bitcoin last week. The metric uses price data for the 250 largest altcoins by market capitalization, excluding stablecoins. Bitcoin's share of total crypto market capitalization stood below 60%. TradingView data shows that share has stayed between 58% and 60.4% since May 27. Crypto assets outside the top 10 by market capitalization accounted for 9% of the total on Sept. 27, their highest share since February.