Let's see what the world has been doing lately with the BTC at hand and whether there is still money for 'buy the dip' or if we panic and sell everything because 'that was it' for this cycle 👇

1️⃣Bitcoin Exchanges Balance

Represents the evolution of the total amount of #BTC on exchanges, compared to the #BTC price.

🟢 Observations:

Significant decrease in BTC on exchanges from April until now.

At the same time, the price of BTC has risen above $123K.

Interpretation:

BTC leaving exchanges → bullish signal.

(Those withdrawing #BTC to cold wallets suggest an intention to hold, not sell.)

Less BTC available → low selling pressure → potential upward trend.

2️⃣USDT (ERC-20) Exchanges Balance

Shows the evolution of the amount of Tether (USDT) ERC-20 on exchanges.

🟢 Observations:

The amount surged in November, then remained high (~37-38B).

No major signs of withdrawal → capital is still ready for action.

Interpretation:

More USDT on exchanges = available liquidity → buying potential.

Correlated with the decrease of BTC on exchanges, we can deduce that investors are preparing their stablecoins to buy dips or breakouts.

Conclusion:

📊 BTC leaves exchanges

💵 USDT remains on exchanges

➡️ Classic bullish pattern:

🧠 Hodlers withdraw BTC for safekeeping, while 'dry powder' (USDT) waits to be used strategically.

What do you think? Bullish or bearish? 👇