The weekend trading strategy of Bitcoin ( BTC ) has attracted market attention. From a macro perspective, there have been no significant events recently. International trade disputes have eased, and monetary policy remains stable. The US stock market continues to rise, providing a relatively positive backdrop for the crypto assets market.

However, the recent decline in BTC seems to be mainly due to the behavior of large coin holders. Exchange data shows that about 22,000 BTC were transferred to exchanges yesterday, and currently, there are less than 2,000 BTC that have not been absorbed by the market, which means that the selling pressure may have significantly eased.

Specifically, these BTC mainly flowed to the three major exchanges: Binance, OKX, and Bybit. It is worth noting that the BTC reserves of these exchanges did not decline as expected. Binance still has over 10,000 newly transferred BTC that have not been absorbed, Bybit has about 4,000, and OKX is slightly better with nearly 3,000 remaining to be absorbed. Meanwhile, investors on Coinbase continue to buy, showing that U.S. investors have confidence in BTC.

Currently, American investors seem to be actively bottom-fishing Bitcoin, while the purchasing power of Asian investors is relatively sluggish. Despite the active performance of American investors, the three major exchanges still hold over 17,000 newly transferred BTC, which may still face further selling pressure.

Market participants should closely follow these unabsorbed BTC movements, while also paying attention to the differences in global investor behavior, as this may have a significant impact on the short-term price trends of BTC.