The chart shows the summary of Onchain data:
Based on MPI and Miner Outflow, miners are still in the selling position
Based on Exchange Whale Ratio, The top 10 inflows to the total inflows are in a high position.
Exchange Reserve has increased slightly
Funding Rate indicates that we are in the local high position
BTC 1Y CDD increased and shows that some holders have been holding for more than a year, moving their bitcoins
Adjusted SOPR has a general downward trend
Taker Buy Sell Ratio and Composite Man show the dominance and power of sellers in the market.
In short, these cases indicate the possibility of a further decline in the price of coins. We are probably in a local high