#Strategy加码BTC配置 From on-chain data, there has been a significant change in the Bitcoin inflow received by a major exchange in recent months. According to CryptoQuant's monitoring, the average single inflow size of Bitcoin per month for this exchange has risen to approximately 29.7 BTC, a 34-fold increase compared to early 2021 — this multiplier is quite alarming.

What does this mean? Simply put, the amount of Bitcoin entering each time has increased. In the past, retail investors dominated, and each inflow might have been just a few decimal points. Now, it often jumps to dozens of coins at once. Think about it, who can transfer such a large amount at once? Mainly whales holding substantial crypto assets and institutional funds.

What does the data reflect? First, the activity of these large players in the market has clearly increased. Second, there may be a wave of institutional or well-funded players accelerating their entry. Their frequent appearances on a major exchange itself is a signal.

Of course, high inflows don't necessarily mean bullishness; it could also be large holders rebalancing or hedging risks. But from the overall trend, this surge in single transaction size is still a noteworthy phenomenon.