From a data perspective, the stock data of the exchange in the past week has not been very friendly. When it started to decline last Friday, more than 15000 BTC had already been transferred to the exchange. In the past week, the consumption of the exchange's stock has been very limited. As of now, there are still more than 14000 BTC transferred last week that are still stuck in the exchange, which means that the current purchasing power may not be enough to digest the transferred stock. And as we mentioned last week, the ancient whale has transferred to Binance, and there is still a significant portion of the existing BTC in OKX and Bybit that has not been consumed. From the detailed data, among these three exchanges, there are still over 8000 BTC that have not been digested since the sale of the ancient whale last week, and only Coinbase maintains a buying sentiment. This also indicates that the current main buyers are still investors from the United States and its time zones, while Asian investors using more exchange purchasing power have not only failed to increase, but have also shown more obvious signs of selling. This article is sponsored by Bitget | @ Bitgetzh