The data on the exchange's BTC inventory often leads to increased panic among investors, especially when the price of BTC drops, prompting more BTC to be prepared for or already sold on the exchanges. Therefore, changes in the exchange's BTC inventory can provide a more intuitive analysis of market pressure.
From the current data, although there has indeed been an increase in BTC inventory in the last two days, the increase is not substantial. There are only about 4,000 coins remaining on the exchange, and most of them were generated in the last 24 hours. In fact, during the drop in the last two days, the exchange's inventory not only did not increase but has also been on a continuous downward trend. This indicates that even though there are signs of increased selling, investor buying sentiment remains quite strong. Thus, in the absence of systemic risks, the likelihood of breaking support is not high.
