Bitcoin closed at $78,450 on September 8, extending its summer rebound from around $60,000, while large deposits into spot exchanges did not rise in tandem. The 10 largest spot exchanges recorded inflows of 5,442 BTC that day, 4.4 times the previous day’s level but only 5.1% above the 30-day average. The seven-day average stood at 4,678 BTC, below several peaks recorded earlier this year. CryptoQuant analyst Woominkyu said the broader data did not show an unusually large increase in deposits alongside the latest price rebound, providing limited evidence of sustained selling pressure from large transfers. The key indicator to watch is whether the seven-day average inflow continues rising as Bitcoin prices weaken.