Bitcoin, the world's largest cryptocurrency, has experienced a 2% increase in price over the last 24 hours, reaching $26,332 and a market cap of $512 billion. However, this increase may be short-lived as on-chain data provider Santiment reports a surge in exchange deposits, with over 5,000 Bitcoins worth $128.5 million sent to exchanges in the last 24 hours.

Traders are driven by the desire to secure modest profits, but the $26,000 mark remains a key level to watch for investors as Bitcoin continues to form a double-top pattern indicating further pain ahead.