The steady decline in Bitcoin reserves across all crypto exchanges suggests a sustained bull run is underway. Market participants who missed earlier accumulation opportunities are now acting, anticipating this as the last downward correction before a significant price surge. This scenario mirrors the March to November 2020 period, where declining reserves preceded a rapid price increase in December 2020. As exchange inflows rise, Bitcoin is likely to experience upward buying pressure, potentially reaching new price highs in the near future.