Selling pressure from short-term Bitcoin holders increases...short-term correction expected

Last weekend, an analysis emerged suggesting that an increase in transfers of Bitcoin by short-term holders (STH) to centralized exchanges (CEXs) is increasing the selling pressure of short-term holders.
"XBTManager" is a contributor to CryptoQuant, which analyzes on-chain data of crypto assets (virtual currencies).
"Short-term Bitcoin holders transferred 33,155 BTC to centralized exchanges (CEX) over the weekend," the company said, adding, "This indicates that selling pressure from short-term holders is increasing."
"This suggests that the market is in a short-term correction," he said. "In the past, selling pressure has increased due to on-chain activity by short-term Bitcoin holders, so caution (about market volatility) is required."
It's essential," he added.