There are no clear signs of exhaustion in the crypto market.
Actually, BITCOIN continues to flow out of centralized exchanges where it is increasingly scarce, although the pace has slowed down a bit.
The "exit rate" of BTC from exchanges is 22,000 a month when a few weeks ago it was 100,000 BTC a month.
The INFLOW / OUTFLOW data is interesting, in fact, it is one of the most important indicators when it comes to anticipating a possible change in the general trend...
I don't think there is much to explain here, you don't have to be a master in economics to understand that when BTC enters the exchanges it is to sell it, and much more to obtain FIAT since, to exchange it for stable coins nowadays you do not need a CEX but a simple METAMASK wallet.
What do you think?
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