A long-term data point worth noting is the stock of Bitcoin on exchanges. According to Coinglass data, the amount of Bitcoin on major exchanges has been continuously decreasing since the approval of the BTC ETF, dropping from 2.71 million at the beginning of the year to 2.25 million. What does this reduction in stock mean? It aligns more with the behavior of institutional and long-term investors who buy, withdraw, and hold for the long term. If the intention is merely to profit from trading, there would be no withdrawals. This trend continues without signs of slowing down; at this rate, the stock on exchanges would only last for a little over four years. This sufficiently explains the Bitcoin market over the past year, which has seen sharp rises and difficulty in declines, suggesting that future prices will remain strong.