According to PANews, recent data from CryptoQuant reveals that Bitcoin supply on exchanges reached its lowest point in seven years, falling to 2.488 million BTC last Friday. Although exchange reserves increased slightly over the weekend to 2.492 million BTC, this level remains the lowest since October 2018. CoinShares reported that Bitcoin funds saw an inflow of $3.2 billion for the week ending April 28. The combination of decreasing exchange balances and increasing fund inflows suggests that a new phase of accumulation may be underway. Notably, retail investors appear to have played a more significant role in last week's price rally compared to previous weeks. This is evident in the 'exchange whale ratio,' which decreased from 0.512 on April 17 to 0.36 on April 27.