Bitcoin is experiencing significant selling pressure from U.S. investors, with on-chain data indicating a notable rise in BTC inflows to U.S.-based exchanges. This increase in exchange activity suggests a bearish sentiment, contributing to recent price declines and heightened volatility. Analysts attribute the sell-off to macroeconomic factors such as interest rates and regulatory concerns. The influence of the U.S. market is impacting global cryptocurrency prices, reflecting the interconnected nature of the crypto economy.