Recent on-chain data shows an interesting trend: a large amount of Tether (USDT) is leaving exchanges, while over 15K Bitcoin (BTC) is flowing in. Despite the recent sharp price drop, selling pressure in the spot market remains.

This may suggest the possibility of Bitcoin prices continuing to decline in the short term. However, from a macroeconomic perspective, there are no factors indicating a prolonged downtrend after this short-term adjustment.