Recent data shows a surge in the quantity of bitcoin deposits on centralised cryptocurrency exchanges with an inflow of 32,058 bitcoin in the past month.

In contrast, Ethereum reserves have diminished on these platforms, with 262,904 ether – equivalent to around $597.42 million – being withdrawn since December 4, 2023.

This trend suggests a shift in investors' preference from Ethereum to Bitcoin.

There are increasing indications of a bitcoin deposit boom amidst an Ethereum retreat.