The inventory of exchanges remains one of the best indicators of sentiment for investors. The data clearly shows that even when the BTC price briefly fell below $99,000, there were still no signs of panic. Although the inventory of exchanges saw a slight increase, it returned to a low point after the price rose.
This indicates that most investors still have low interest in selling, which is similar to the data from spot ETFs. Although the turmoil in the Middle East over the past week has reduced investors' purchasing sentiment, sell-offs have not increased, and most investors are still in a wait-and-see state.
