In a recent observation of the crypto market, CryptoQuant exchange deposit alerts have remained inactive for approximately three weeks. Even if this inactivity is due to a temporary error, there are no indications of exchange deposits accumulating or increasing rapidly, which could create direct selling pressure on the market.

Despite over 200,000 Bitcoins being sold since March, the absence of signs of Bitcoin accumulation or deposits into exchanges suggests that most of these transactions were likely conducted over-the-counter (OTC). This lack of deposit activity could potentially indicate a positive market outlook, as it reduces the likelihood of a sudden sell-off that could negatively impact Bitcoin's price.

Overall, the current market conditions, as indicated by the absence of exchange deposit alerts and the lack of Bitcoin accumulation on exchanges, provide a promising perspective for the future of the crypto market.