After a long period of total supply $BTC on exchanges sharply decreased, there are now signs of recovery. The simple reason is that the price has risen to a new range, so there is a demand to take profit, which is natural.

The distribution phase is starting to occur, but don't worry too much, because during distribution, the price is usually kept + pushed up for a while, at least for a few months, as a few days wouldn't provide enough liquidity to offload a large amount of inventory.

Currently, BTC is down, dominance is down, while alts are not experiencing a shock drop. $ETH $SOL is decreasing less than BTC, indicating a possible movement to swap BTC for alts to set up for a push here.

Why swap BTC for alts for distribution? Because at this price level, retailers are either not buying BTC or are buying very little. Look at yourself and those around you to see if anyone is buying BTC at this price. Not to mention those who are already in profit and want to sell their holdings => liquidity from retailers will certainly not be enough for the large amount.

To offload a lot, optimally, it's still like always:

BTC swap to alts => push => offload to fiat or BTC, eventually, there will be a simultaneous offload of BTC & alts => Downtrend

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