$TRUMP Today, I spent some time organizing TRUMP’s on-chain data and found several signals worth noting:

Exchange net flow: Over the past 7 days, net inflows totaled $830 million. A large amount of BTC has been flowing into exchanges, indicating clear sell pressure. Coupled with ETF net outflows of $3.45 billion for 11 consecutive days, both institutions and retail investors appear to be withdrawing in sync.

Miner holdings: Miner balances have been decreasing for 5 consecutive days, suggesting miners are selling. However, the hash rate is still hitting new highs, indicating that existing miners are selling while new miners are still entering the market.

Liquidation heatmap: Around the 65k level, there is a dense long liquidation zone (about $1.5 billion). If price breaks below it, it could trigger a cascade of liquidations. Below 60k is a more important psychological support level.

Stablecoin market cap: The total market cap of USDT + USDC is still growing, suggesting that off-exchange funds have not fully exited the market—at most, they are temporarily standing by.

Overall assessment: Bias is bearish in the short term, but extreme fear (index 11) often signals a mid-term bottom. It’s recommended to build positions gradually and not chase pumps or sell in panic #trump