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The latest data from the wallets of major exchanges shows that the total Bitcoin holdings have reached 6,361,200 BTC. What does this number reflect? When more and more large trading platforms begin to increase their Bitcoin reserves, it usually indicates a shift in market expectations. The strategic deployment of institutional power often leads retail investors' awareness. The logic behind exchanges increasing their holdings is quite clear—only when they are optimistic about the future will they expand their asset allocation. Once this trend forms, more exchanges may follow suit, creating a concentration effect. The tightening of supply combined with increased demand has historically always catalyzed upward breakthroughs in the price of coins. The significance of this holdings data may be much greater than you think.