On-chain analyst Darkfost has observed a notable increase in exchange deposits by Bitcoin short-term holders during recent market rallies. According to NS3.AI, on April 15, approximately 65,000 BTC were moved to exchanges. This trend continued with 54,600 BTC transferred on April 21 and 39,000 BTC on April 24. Darkfost suggests that this pattern indicates short-term holders are selling into market strength.