Bitcoin has surged past $76,000, but new data suggests the rally could face short-term resistance. According to CryptoQuant, Bitcoin deposits to exchanges have spiked sharply, with hourly inflows reaching 11,000 BTC—the highest level since December.

This kind of movement is often seen as a warning sign. When investors transfer Bitcoin to exchanges, it typically indicates they are preparing to sell, especially near key price levels. The increase in average deposit size further supports this, suggesting larger holders may be positioning for distribution.

While the rally has boosted market sentiment, these inflows hint that selling pressure could soon limit further upside.