[Analysis] "Bitcoin inflows to exchanges increase... Suggesting a possible short-term correction"

There is an analysis suggesting that Bitcoin (BTC) may be entering a short-term correction phase.

On the 15th (KST), Tarek Onchain, a contributor to CryptoQuant, stated in a report, "According to net inflow data, large amounts of Bitcoin have flowed into centralized exchanges, indicating that short-term holders and some large investors are realizing profits," and analyzed that "signs of a short-term decline have been observed after Bitcoin hit its all-time high at $123,000."

He further explained, "Such movements usually indicate that the price has reached a temporary peak, and there is a possibility of a correction or sideways movement in the coming days." He added, "This is a pattern that often appears after sharp price surges in the past, as investors take profits and some weak investors exit the market, allowing the price to search for a new stable level."

However, the contributor assessed that market sentiment remains positive. He emphasized, "Despite the increase in inflows, the overall trend of the market still appears bullish," adding, "The holdings of long-term holders and continuous inflows into Exchange-Traded Funds (ETFs) are ongoing."