🚨 Breaking News: CoinDesk reports, citing Glassnode data, that as of the 19th, Bitcoin holdings on major exchanges have reached 2.35 million BTC, the highest since May 11, 2023, marking a 31,382.43 BTC (approximately $1.16 billion) increase in the last 4 weeks. This surge suggests a potential short-term adjustment due to increased BTC net inflows to exchanges. Historically, BTC inflows signal selling pressure, but recent movements indicate renewed investor trust in exchanges after the FTX collapse. Despite a net outflow trend since November 1, BTC holdings on exchanges have returned to a net inflow trend. 📊🔄📈 #Bitcoin #CryptoMarketUpdate