Bitcoin CEX Inflows Hit 64% Whale Ratio, Highest Since October 2015

Bitcoin exchange inflows are dominated by large holders, with the exchange whale ratio reaching 0.64—the highest since October 2015—meaning 64% of inflows come from the top ten single-deposit addresses, ChainCatcher reports. The average single transaction size of Bitcoin inflows reached 1.58 BTC, a high since mid-2022; after a pullback to around $60,000 earlier this month, total inflows briefly surged to approximately 60,000 BTC before easing to a seven-day average of about 23,000 BTC. Since 2026, daily altcoin deposit transactions have averaged approximately 49,000, up 22% from around 40,000 in Q4 2025, and CryptoQuant says elevated deposits typically signal increased volatility and weakening market confidence in non-Bitcoin assets. Tether (USDT) daily net inflow fell from a $616 million peak in November 2025 to around $27 million, including a single-day net outflow of $469 million on January 25, 2026.