A lot of people are calling for a downtrend after $10.9B in altcoins moved to exchanges in the past month — the highest since May 2021.

Historically, this does signal potential selling pressure.

But personally, I don’t think the market rolls over immediately.

Exchange inflows can also mean rotation, partial profit-taking, or positioning for volatility.

My base case: a short-term relief bounce or sideways-up move into late January–early February, before the market shows clearer signs of a real downtrend.

Risk management > FOMO at this stage.
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