$BTC Pullback Signals Supply Shock on BTC CEX inflows of BTC spiked sharply as the market slipped, hinting that holders are moving coins onto exchanges amid the recent dip. The timing aligns with the latest price pullback, reinforcing the idea that large holders are positioning for relief rallies. 🕸️ When deposit volumes outpace withdrawal demand, the on‑chain scarcity that usually fuels price rallies erodes. ETH’s on‑chain metrics remain steady, underscoring that the stress is largely BTC‑specific. Historically, such supply surges precede a consolidation phase or a modest correction as buyers struggle to absorb the added inventory. I remain cautious; the current dynamic tilts the odds toward a near‑term downside bias, though a fresh catalyst could reset sentiment. 👁️‍🗨️ The surge in exchange deposits is the most immediate red flag for momentum, suggesting the next leg may be a sideways grind rather than a breakout. #ICEBacksOKXOilPerps #RateHikeRepricing #VitalikOnEFSales