The "【BTC Balance on Exchanges】" shows that there is basically not much volume being moved from cold wallets to exchanges for large-scale sales. So why did it drop so sharply? The existing stock on exchanges is being traded back and forth; for short-term investors or medium-term investors, who have a small volume and many transactions, they basically buy and sell as they please. The large-scale sell-off primarily involves this portion of capital, which is extremely sensitive to price. As for long-term investors, with large volumes and low trading frequency, they typically do not keep their assets in the exchange's hot wallets but rather buy and transfer them to their own cold wallets.

However, from the chart, we can also see that the trend of continuously withdrawing coins has slowed down, and there may even be some increase. You can roughly consider that whenever there is a large-scale increase, that is when a continuous decline and a complete reversal may occur. #特朗普马斯克分歧 #美国初请失业金人数 #加密市场回调