最新报道:According to a chart released today by Matrixport, Bitcoin's balance on exchanges continues to decline. Historically, exchange balances and prices have largely shown an inverse relationship: a lower balance usually corresponds to a bullish market, while a higher balance often occurs during a bearish phase. Looking at the overlay of the two curves, a significant divergence has emerged in this cycle. With increasing institutional participation, more and more trading has shifted to OTC trading platforms. This trend indicates that institutional funds are gradually gaining dominance, and the structure of the Bitcoin market is undergoing adjustment and evolution. Compared to previous cycles, a significant change in this market is the near absence of retail trading, with price movements driven more by the inflow and outflow of institutional funds.