It can be clearly seen from the number transferred to exchanges that the amount of $BTC transferred to exchanges has been decreasing over the past six months, which is also a factor that allows Bitcoin prices to remain stable, as the amount of selling has decreased, and more and more investors are unwilling to sell their holdings. Most investors are looking forward to the future rise of BTC, and many institutions in the United States are suggesting that BTC could reach $200,000 or $300,000 in the short term. Additionally, Trump is continuously strategizing, which for many investors, what the president is doing could likely present an opportunity for profit. Therefore, it can also be seen that even though the current price has already exceeded levels at the end of 2024 and the beginning of 2025, the selling pressure from transfers to exchanges has significantly decreased compared to then, nearly halving from its peak. This indicates that over the past six months, there has been a significant shift in investors' mindset, and this change is a major reason for maintaining BTC prices. Although the amount sold has decreased, the purchasing power has not been very strong. Data shows that two weeks ago, the amount of BTC withdrawn from exchanges was still relatively normal and stable, but there has been a noticeable downward trend in the last two weeks, likely indicating a decrease in the risk appetite of some investors. This does not mean that investors are pessimistic about the trend of BTC; the data on transfers to exchanges has already indicated this issue. The recent decline in purchasing power should be attributed to frequent events that have made new funds more inclined towards hedging, while for investors who have already purchased, there has been no change. #GENIUS稳定币法案