Recent on-chain data highlights a significant shift in the cryptocurrency market. Large quantities of Tether (USDT) are leaving exchanges, while over 15,000 Bitcoin (BTC) have been observed entering exchanges. Despite a recent sharp price decline, spot markets continue to experience selling pressure.

This scenario suggests potential short-term downside for Bitcoin's price. However, from a macroeconomic standpoint, there is no evident catalyst for a sustained bearish trend beyond this short-term correction. The market outlook remains optimistic, anticipating stabilization and potential recovery following this adjustment.