One fact: BTC in the hands of retail investors is decreasing As of now, the total number of BTC held by CEX has decreased to 2.4 million, a decrease of over 360000 compared to early 2025, totaling approximately $42.8 billion Among the top 5 BTC holdings in the past 24 hours, only OKX is in a net inflow state (possibly related to OKX's newly launched BTC Treasure, which is a wealth management product that claims to break even and earn interest. It can be withdrawn at any time and is a type that large investors will like. It is uncertain whether it has contributed to the large inflow of Bitcoin)