CryptoQuant Reveals Record Low Sell Activity

The crypto market, usually marked by spikes in volatility, shows a puzzling calm. While Bitcoin flirts with all-time highs, flows to exchange platforms are collapsing. This unexpected restraint, highlighted by CryptoQuant, contrasts with previous bullish phases where euphoria triggered a wave of sales. A strong signal that questions a profound change in investor behavior and the structural strength of the current cycle.

Bitcoin at the Summit, but Few Sellers : Selling Pressure Fades

Despite historically high price levels, Bitcoin is not triggering a wave of sales in the markets. According to CryptoQuant, BTC inflows to exchanges dropped to 18,000 BTC per day, the lowest level recorded since April 2015.

“Despite all-time highs reached this week, daily inflows to trading platforms are at a more than decade-long low,” the on-chain analytics firm’s report states. This observation is reinforced by another key metric : large transfers (100 BTC or more) plummeted from 62,000 BTC on November 26, 2024, to just 7,000 BTC currently.

CryptoQuant clearly identifies weak selling pressure in the market, an unusual situation in the context of a historical record. The data highlights several structural trends :

• Bitcoin inflows to exchanges are at their lowest in 10 years, at 18,000 BTC/day ;
• Movements of large entities (whales) are in free fall, from 62,000 to 7,000 BTC in six months ;
• No massive liquidity inflows to platforms, limiting immediate selling capacity ;
• BTC holders seem to favor holding, a possible sign of confidence or long-term strategy.

Historically, each peak triggered a wave of profit-taking. Here, the opposite dynamic is striking: supply remains frozen, even as demand seems to have pushed the price to an unprecedented level. For CryptoQuant, this dissonance could reflect a more patient market, or institutional investors reluctant to trade in the short term.

ETH, XRP and Altcoins : Calm Spreads Across the Entire Market

The trend observed in Bitcoin is not an exception. Data published by CryptoQuant show that Ethereum, the second-largest crypto by market cap, is also experiencing a sharp decline in inflows to exchanges.

“Daily Ethereum inflows have dropped to 584,000 ETH, the lowest level since October 2024,” the report highlights. This decline is especially notable as it follows an 87 % increase in ETH since April 2025, which under normal circumstances would have encouraged investors to partially liquidate their positions.

XRP follows the same trajectory. Transfers made by large entities to platforms have dramatically decreased: from 1.1 billion XRP in February 2025 to only 169 million today, an 85 % drop.

Finally, CryptoQuant notes that all altcoin transfers to exchanges remain very moderate, at 21,000 daily transactions, far from the peaks of 120,000 observed during previous highs in March and December 2024. This overall dynamic illustrates a generalized caution among investors across the entire crypto market.

This net withdrawal of selling activity, combined with high price levels, could signal a paradigm shift in market participant behavior. Less inclined to react in the short term, many holders appear to adopt a strategy of holding or redeployment to staking solutions or decentralized finance. It remains to be seen whether this restraint signals lasting confidence in the fundamentals, or if it precedes a more brutal correction once certain psychological thresholds are crossed.