Analyst: BTC's early morning decline may be related to concentrated selling during poor weekend liquidity

Odaily Planetary Daily News: Phyrex posted on the X platform that recently the amount of BTC transferred to exchanges has not shown abnormalities, and net flows have not accumulated significantly. He believes that this early morning BTC decline is more like a chain reaction of cascading sell-offs triggered by concentrated selling during poor weekend liquidity, rather than large-scale organized selling or distribution by long-term, early investors.