Currently, there is a constant increase in U on-chain, with another 1 billion issued yesterday. Whales have been bottom fishing, especially MicroStrategy, which bottomed out on the 12.9th at a cost of 98783. The exchanges have been continuously buying and withdrawing BTC.
A little tip for everyone: When Bitcoin drops and then rebounds while it rises alone, you can directly open long positions on Ethereum. Every time Bitcoin hits a stagnation point, Ethereum will take off a bit.