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Bitcoin Deposit Activity Drops To Historic Low As ETFs And Long-Term Holding Gain Ground

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As Bitcoin (BTC) continues to hold above the psychologically important $100,000 price level, a “true paradigm shift” is emerging among investors. Notably, exchange deposit activity is declining, signalling growing confidence in BTC as a reliable store of value.

Bitcoin Deposit Address Activity Plunges To Historic Lows

According to a recent CryptoQuant Quicktake post by on-chain contributor Darkfost, there has been a noticeable shift in the number of BTC wallet addresses depositing to exchanges since the 2021 bull cycle.

The analyst shared the following chart to support their analysis. It shows a steady increase in the number of addresses depositing BTC on exchanges between 2015 and 2021, peaking at an annual average of approximately 180,000.

Bitcoin exchange depositing addresses have declined following the 2021 cycle | Source: CryptoQuant

However, this trend has sharply reversed since then and has shown no signs of recovery. Notably, the 10-year average for the number of addresses depositing BTC to exchanges currently sits around 90,000.

Shorter-term metrics reinforce this decline. The 30-day moving average (MA) is hovering around 48,000, while the daily figure has dropped to just 37,000. This drastic behavioral shift among investors can be attributed to two key factors.

First, the emergence of BTC exchange-traded funds (ETFs) has redirected a significant portion of demand away from spot exchanges. ETFs allow exposure to Bitcoin’s price performance without the complexity or risk of self-custody.

Second, retail participation has been relatively subdued in the current market cycle, naturally reducing the number of active deposit addresses.The analyst noted:

More investors, and now even companies, are adopting a long-term vision for BTC, choosing to hold it as savings or treasury reserves rather than actively trading it.

Is BTC Preparing For A New High?

As the number of addresses depositing BTC to exchanges continues to decline, several indicators point toward the potential for a new all-time high (ATH). Recent analysis by crypto analyst CryptoGoos suggests that short-term sellers are “getting exhausted,” implying that selling pressure may ease soon.

Similarly, the Bitcoin Rainbow Chart – a long-term valuation model used to identify overvaluation and undervaluation zones – recently flashed a “buy” signal. Although, the wider market demand remains weak.

Macroeconomic conditions are also turning favorable. An increase in the global M2 money supply is expected to benefit risk-on assets like Bitcoin. Some experts now predict BTC could rise as high as $150,000 as liquidity expands.

That said, not all signs are bullish. Miner-to-exchange transfers have recently spiked to historic highs, potentially signalling increased selling pressure from BTC miners. At press time, BTC is trading at $105,141, up 2.6% in the past 24 hours.

Bitcoin trades at $105,141 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant and TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Ethereum To Gain New Unicorn As Polymarket Bags $1B Valuation
GameFi Guides

Ethereum to Gain New Unicorn as Polymarket Bags $1B Valuation

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Polymarket, an Ethereum-based prediction marketplace, is said to be nearing a huge funding round of up to $200 million that would make the company a unicorn valued at more than a billion dollars. The move is a major milestone in the evolution of crypto-native apps in 2025, as it shows an increasing institutional interest in Web3 platforms with practical applications

Institutional Momentum Drives Crypto Prediction Markets Forward

The potential funding round follows the successful round of Polymarket in May 2025, when the company raised 70 million dollars in a round that included a 25 million Series A round led by General Catalyst and a 45 million Series B round led by Founders Fund. 

These previous rounds have been backed by high-profile investors such as Ethereum co-founder Vitalik Buterin and Airbnb co-founder Joe Gebbia, highlighting the platform wide appeal to tech and crypto communities.

Polymarket has established a niche in the prediction market by allowing people to wager on a wide range of real-world events, including political elections and international conflicts. The strategy has made it stand out among the conventional betting sites and demonstrated the feasibility of blockchain.

The recent collaboration with the X platform by Elon Musk also confirms the mainstream potential of the company without the need of a native token launch. The funding news comes at a time when there is a wider trend towards prediction markets, with such venues as the CFTC-regulated Kalshi gaining popularity in conventional finance. 

In case it is successful, this funding round would make Ethereum-based Polymarket one of the few crypto unicorns in the present market cycle. It would indicate that institutional investors believe there is a lot of value in blockchain-based forecasting platforms that connect digital assets with real-world data.

Also Read: Bitcoin to Drop Below $95K This Month? Polymarket Sees 38% Chance



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Dow drops 115 points as S&P 500’s six-day rally ends
Crypto Trends

Dow Jones inches up, S&P 500, Nasdaq gain as Trump pressures Fed

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U.S. stocks climbed higher as softer inflation data improved the prospects of a Fed rate cut.

U.S. stock indices erased early morning losses on hopes that a lower consumer price index reading might contribute to monetary easing. On Tuesday, June 12, the Dow Jones was up 0.17%, or 70 points, while the S&P 500 and the Nasdaq both gained 0.35%.

Dow Jones Industrial Average heatmap | Source: TipRanks

Low inflation data is still influencing trader sentiment, with many anticipating potential rate cuts following last month’s soft CPI figures. Still, the Federal Reserve has remained hesitant to lower rates, citing the potential inflationary effects of U.S. tariffs on major trading partners.

This hesitation has been met with continued pressure from the White House. On Thursday, U.S. President Donald Trump reiterated that the Federal Reserve should cut rates by one point. While he clarified that he would not seek to fire Fed Chair Jerome Powell, he noted he might have to “force something” on rates.

Boeing loses 4.5%, Oracle hits ATH

Dow Jones was weighed down by Boeing stock, which saw a significant decline after the deadly Dreamliner crash in India. Shares of the aircraft manufacturer were down 4.5%, as the latest crash compounded recent scandals involving the company.

In 2024, the company faced a series of scandals, all starting with one plane that had its door ripped in mid-air. This led to whistleblowers exposing corner-cutting when it comes to safety, as well as attempted coverups.

On the other hand, Oracle stock jumped 14% to an all-time high after its earnings beat Wall Street expectations. The firm revised its expected revenue for 2026 to $67 billion, up from the previous estimate of $66 billion.

The reason for the revised forecast is the expected growing demand for its AI-powered cloud services. The revenue from its cloud service rose 14% quarterly, largely due to the built-in and integrated AI services the company provides.



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Analysts forecast Cardano rally to $2 as Ripple and this new AI coin gain momentum
NFT Gaming

Cardano predicted to hit $2; Ripple and trending AI coins gain steam

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Analysts eye June rebound for altcoins; Ripple to $3.26, Cardano to $2, Unilabs gains on AI investing demand.

Analysts expect a strong rebound this June across select altcoins, with Ripple, Cardano, and Unilabs topping the watchlist. The Ripple price prediction by analyst 589CTO has sparked optimism among investors. The analyst forecasts the Ripple price could surge to $3.26. 

Crispy believes the Cardano price could reach $2. Meanwhile, Unilabs could soar to new highs amid growing demand from investors and the rising need for AI-based investment tools.

Ripple expected to soar as whale buys 999,999 XRP

The Ripple price is under bearish momentum, mirroring the huge decline in the market. According to CoinMarketCap, the Ripple price has fallen by 6.2% in the last week.

The losses are also visible on the biweekly and monthly charts: 9.9% and 2.4%, respectively. On the other hand, whales are accumulating XRP. Brett, a top crypto expert, revealed that a whale bought over 999,999 XRP recently.

589CTO forecasts the price of Ripple could pump to $2.97 and $3.26. Another analyst, BEN_CRYPTOQ, argues that the Ripple price is about to break through a small convergence. They added that there is an increase in buying force, and a golden cross is appearing.

Based on this pattern, CW expects the Ripple price to rise to $4.50. Technically, the relative strength index has dropped below the midline, a sign that the XRP price is under high selling pressure. Currently, the Ripple price has strong support around the 200-SMA ($0.19).

Cardano hits new milestone, analyst forecasts uptrend

Cardano is currently trading between the 50-SMA ($0.72) and 200-SMA ($0.66) as buyers work to maintain its level. Since breaking $0.70 on May 31st, Cardano’s price has fallen in the past several days.

CoinMarketCap data shows the Cardano price has gone down 9.1% in the last week and 1.6% in the past month. Technical analysis indicates the Cardano price is bearish. 

The Hull Moving Average (9) and VWMA (10) flash a sell signal, supporting more Cardano price downtrend. On the other hand, on-chain data shows that the Cardano network has surpassed a total of 110 million transactions. 

This new record signals high network activity, which could propel the Cardano price up the chart. Crispy said in a recent X post that the Cardano price may rise to $2 by the end of June. Another expert, Crypto Beast says the price of Cardano might soar to $1.5.

Unilabs Finance: The future of AI-guided crypto investing is now live

Unilabs Finance is setting a new benchmark in the DeFi market by integrating AI into crypto portfolio management. Designed for both new and seasoned investors, Unilabs automates complex trading strategies across multiple funds, making smart investing accessible to everyone.

The platform offers three AI-managed funds: one for stable yields, another focused on high-risk/high-reward tokens, and a balanced AI index fund. This fund segmentation allows users to personalize risk while relying on AI for real-time, emotion-free decisions.

According to Statista, global crypto users crossed 562 million in 2024. If just 0.05% of these users adopt Unilabs in the first year, and each holds an average of $300 in investments, the projected market cap could exceed $500 million.

Now in its crypto ICO phase, UNIL tokens are priced at just $0.0051, with over $1.93 million already raised. Investors who join early gain access to staking rewards, referral bonuses, and long-term earning opportunities driven by Unilabs’ AI engine.

Unilabs Finance is different from memecoins like Dogecoin and Shiba Inu, which have no utility. It is an entry into a smarter, data-driven way to grow wealth in crypto. With AI at its core and momentum building, the future is here and early investors are positioned to win big.

Best cryptos to buy this June

As June unfolds, all eyes are on high-potential altcoins like Ripple, Cardano, and Unilabs Finance. With AI integration, unique fund structures, and a thriving presale, Unilabs stands out as a future-focused gem. It could outshine the Ripple price this June based on growing demand. Meanwhile, Unilabs Finance is offering a 30% bonus on all deposits using the code “UNIL30.”

To learn more about Unilabs, visit the website and its Telegram.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.



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OpenSea publicly releases OS2 platform as NFTs gain momentum
NFT Gaming

OpenSea publicly releases OS2 platform as NFTs gain momentum

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Non-fungible token (NFT) marketplace OpenSea has launched its new platform, OS2, concluding its beta phase.

The company said the updated platform allows full token trading across 14 blockchains, including support for fungible tokens on Solana. It also introduces tools that aim to enhance crosschain functionality. These changes signal a shift for OpenSea, positioning it as a more comprehensive platform beyond NFTs. 

OpenSea chief marketing officer Adam Hollander told Cointelegraph that the platform always believed in a broader idea that everything onchain should be liquid and discoverable in one place. 

“OS2 lets a collector mint an NFT on Solana, swap a gaming token on Ronin and buy a memecoin that was just created, all from a single wallet flow,” Hollander said. “Users were already juggling half a dozen DApps and bridges; we streamlined that experience.”

Source: OpenSea

OpenSea exec says NFT tourists left while true users stayed

Despite a broader market cooling, OpenSea sees promising signs of user retention and growth. Hollander told Cointelegraph that while volumes may be down from its 2021 to 2022 peak, weekly unique collectors on OpenSea are up by 40% since January. He added: 

“That tells us the tourists left, but the true users stayed, and they’re participating in more chains than ever.”

OpenSea’s data aligns with a broader trend among NFT buyers. Unique NFT buyers rose to 936,000 in May, up 50% from April’s 622,000. The month also saw NFT monthly volumes’ first uptick in 2025 after going through a five-month decline. 

Hollander told Cointelegraph there’s still “real power” in provable digital ownership. “Once you can prove you own something onchain, whole industries open up,” Hollander added, pointing toward real-world assets (RWAs) gaining steam. 

From April 15–22, NFTs on the RWA marketplace Courtyard, a platform that uses NFTs to tokenize physical trading cards, reached a sales volume of $20.7 million. This allowed Polygon to overtake Ethereum in weekly NFT sales. 

“New tech is usually tried in one narrow way first and then evolves into far more powerful applications,” Hollander said. 

Related: Exponential currency debasement: ‘You don’t own enough crypto, NFTs’

NFT business profitability depends on utility

Despite being down from the peak, the NFT space can still be profitable for teams with the correct strategy, Hollander told Cointelegraph. 

“Profitability flows to businesses that keep adding real utility and options for users, which is why we remain the home for NFTs and are now investing in avenues like cross‑chain token trading,” Hollander said. 

Magazine: Pranksy: Inside the anonymous life of an NFT legend — NFT Collector



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