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Bitcoin’s price has been tipped in a consolidation range below $70,000 so far this week after spending most of the weekend above it, with its value being lower than $70,000. Although it has been largely and painfully, sideways in recent weeks for the flagship cryptocurrency’s price movement, this represents an important step from how February began.
But this new month brought a fresh low just above the $61,000 mark for Bitcoin, which confirmed that bear market is beginning to begin. While the relative stability of recent weeks has been a factor in some week’s on-chain analysis, one new review of $BTC and the wider cryptocurrency mark is still at risk for further downside volatility.
$BTC ’s Future In The Hands Of Large Investors: CryptoQuant
Bitcoin’s price action was heavily influenced by and affected by the increased flow and activity of institutional investors (mainly through the spot exchange-traded funds) in the final bull cycle. In the same way, it seems that even during bear market, the large investor cohort will still be at the wheel.
In CryptoQuant’s new market report, it has normalized the Bitcoin exchange inflows and the immediate selling pressure – following the capitulation spike in early February. The decline of exchange flows, from around 60,000 $BTC at the beginning of the month to about 23,000 $ BTC now, is also seen as this trend in which it has been shown.
But while the acute sell-off phase seems to be easing off, one of Bitcoin’s biggest investors is apparently beginning to see a troubling trend. CryptoQuant highlighted in its market report that the $BTC exchange whale ratio has increased to 0 in this year’s $CTC. This is a high level of 64, which has been the highest level since 2015 and suggests that much of the exchange deposits are being seen by whale inflows.
Source: CryptoQuant
The average $BTC deposit size has also gone down since mid-2022, as the heat of last bear market is heating up. This trend further reinforces the concept that institutional or large investors are behind the growing exchange supply.
The altcoin market, CryptoQuant said today is under increasing distribution pressure; the total number of alt coin exchange deposits per day averaged 40,000 in Q4 2025 to 49,000 in 2026. This continuous capital rotation of riskier assets reflects the confidence in market that has been weakened and increases downside volatility.
Source: CryptoQuant
Similarly, the steady flow of stablecoins out of exchanges suggests that marginal buying power (or “dry powder”) in Bitcoin market is declining. CryptoQuant data show that net USDT flows into exchanges have soared from $616M in November 2025 to just $27M, which has been negative at times (-$469M during late January) and one year high.
At the very least, combining the selling pressure of Bitcoin’s large holders, rising altcoin distribution and consistent stablecoine outflows with constant stable coin flows suggests that the crypto market structure is still at risk for further downside volatility.
Bitcoin Price At A Glance
Considering this writing, Bitcoin’s price is about $67.580 as of today — an average increase of just under 1% in the last 24 hours.
The price of $BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image from iStock, chart from TradingView
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