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Bitcoin rebound spurs surge in whale exchange deposits; CryptoQuant warns of bull trap

Large Bitcoin holders have sharply increased deposits to exchanges during the rebound, an analysis showed, quickly adding to selling pressure. CryptoQuant research head Julio Moreno warned the rise could end as a bull trap. Hourly exchange inflows reached about 11,000 BTC, the highest since late December 2025, while the average deposit rose to 2.25 BTC and large deposits’ share climbed to 40 percent. Attention is on $76,800 as resistance, with $67,600 seen as the next support if it fails.