Based on our examination of CryptoQuant’s data, it has been observed that as the reserves held by exchanges surge, the pressure to sell BTC also intensifies. The net position of exchanges is considerably higher than the average over the past seven days, which implies a possible impending sell-off. Furthermore, BTC’s aSORP is currently in the red, suggesting that a larger number of investors may be capitalizing on profits by selling. In the midst of a bullish market, this situation raises the possibility that the market has reached its peak.
