The recent trends in capital inflow and outflow within the cryptocurrency market certainly paint a complex picture. With significant outflows from major cryptocurrencies like Bitcoin and Ethereum and substantial inflows into stablecoins like Tether, there is a noticeable shift towards risk-averse behavior among investors.

Given this context, whether this is a good time for accumulation largely depends on your risk tolerance and investment strategy. The bearish trend and external factors like the Mt. Gox repayment and government selling activities have certainly created a more cautious market environment. If you believe in the long-term potential of cryptocurrencies and are willing to weather short-term volatility, this could indeed be an accumulation phase. For the choice of exchange, Bitget remains my first pick due to its security architecture and other factors.