The inflow of USDC and USDT to exchanges remains above the average annual level. This is evidenced by#CryptoQuantdata.
A high inflow of stablecoins to trading platforms, as is known, often foreshadows the readiness of market participants for active actions. This is all the more interesting, given the current weak activity of addresses.
CryptoQuant analysts compare the current situation with May-June 2021, hinting at "bullish consequences". Then the inflow of stablecoins to exchanges occurred during the period of the market decline, but then there was growth, which set a new ATH and the final high of the last cycle in the region of $ 69,000.
Remembering my own perception of the market during that period and the perception of the environment - then the decline was perceived more positively and everyone was waiting for 100,000$ for BTC after the correction. Now there is much more skepticism about the market, subjectively.