This week's exchange inventory data is frankly not good, and it reflects the recent change in investor sentiment. Although the price of $BTC also fell last week, it was clear that the inventory of BTC on exchanges was on a downward trend. However, this week, it is evident that more BTC has been transferred to exchanges.

From the data, approximately 12,000 BTC were transferred to exchanges in the past week. We have previously stated multiple times that the stability and rise in BTC prices are not due to a significant increase in purchasing power, but rather because of low selling volume. However, the increase in inflow this past week has led to greater selling pressure on BTC.

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