⭐Bitcoin exchange supply hits a 7-year low

Latest data shows that the Bitcoin market is undergoing significant changes: the supply of Bitcoin on exchanges has reached its lowest level in seven years. Last Friday, this value dropped to 2.488 million BTC; although the exchange reserves rebounded to 2.492 million BTC over the weekend, an increase of about 40,000 BTC, it remains at a low point since October 2018.
At the same time, the market presented a different scene. The report pointed out that as of the week ending April 28, Bitcoin funds experienced strong capital inflows, reaching a scale of 3.2 billion USD. The dual situation of a continued decline in foreign exchange balances and a surge in capital inflows is viewed by the market as an important signal that a new round of accumulation is about to begin.
It is worth noting that during the recent rise in Bitcoin prices over the past week, the influence of retail investors has become increasingly prominent. The change in the "exchange whale ratio" data serves as a strong testament — this ratio plummeted from 0.512 on April 17 to 0.36 on April 27, indicating a significant increase in the activity of retail investors in the market, which may be reshaping the investment landscape of the Bitcoin market.