According to Miles Deutscher, Bitcoin exchange inflows hit a year-to-date peak as investors rushed to sell their BTC when the price dropped below $90,000, indicating a significant bearish sentiment in the market.

According to Ki Young Ju on Twitter, the current Bitcoin market cycle is exhibiting signs of consolidation, suggesting potential accumulation phases that could precede a bullish breakout. Ki Young Ju emphasizes the importance of monitoring on-chain metrics such as the HODLer Net Position Change and Exchange Inflows to gauge market sentiment and potential price movements.