The BTC inventory data from exchanges is an important indicator for observing market pressure. Especially when the price of $BTC drops, an increase in inventory often intensifies investors' panic, prompting more BTC to flow into exchanges for selling. Therefore, by observing the changes in exchange inventory, one can more intuitively assess the market's selling pressure.
From recent data, although the exchange's BTC inventory has indeed increased over the past two days, the increase is not significant, only about 4,000 coins, and most of it was generated in the last 24 hours. Notably, during the price decline, the exchange inventory not only did not rise sharply but instead showed a continuous downward trend.
This indicates that even when the market shows some signs of selling, investors' enthusiasm for buying remains high. Therefore, in the absence of systemic risk, the likelihood of BTC breaking key support levels in the short term is low.