Recent on-chain data reveals a notable shift in the cryptocurrency market dynamics, with substantial amounts of Tether (USDT) leaving exchanges, while over 15,000 Bitcoin $BTC
have been observed entering exchanges. This shift, coupled with a sharp recent price decline, indicates continued selling pressure in the spot markets, suggesting potential short-term downside for Bitcoin's price. However, from a broader macroeconomic perspective, there are no clear indicators to suggest a prolonged bearish trend beyond this short-term correction. The overall market outlook remains optimistic, with expectations of stabilization and a potential recovery following this adjustment, driven by the long-term growth potential of digital assets.