#比特币流动性 Bitcoin is quietly shifting, what signals are hidden behind this?

Recently, an interesting phenomenon has been observed—Bitcoin is gradually leaving exchanges. Small retail investors are retreating, but large funds are quietly accumulating. Since March, the holdings of large investors in BTC have increased by over 136,000 coins, which is no small amount.

Exchange Bitcoin reserves are beginning to run low, liquidity is tightening, which is quite intriguing in itself. In the short term, this may not necessarily mean prices will soar, but over the long cycle, it indicates that market expectations for Bitcoin are undergoing subtle changes.

Currently, BTC prices are oscillating within a range, and compared to the Nasdaq 100 index, it has lagged nearly 50%. On the surface, this appears to be weakness, but the underlying reason is not complicated—short-term liquidity pressure and declining risk appetite. This is a liquidity issue, not a problem with the market itself.

Looking at it from another angle, the supply side is shrinking, large investors are stockpiling, and small retail investors are missing out. This kind of dislocation is a normal part of market operation. The short-term dullness may not be a bad thing; the real opportunities are often hidden in such moments.