Recently, there has been an interesting phenomenon—large Bitcoin buy-in flows on a leading exchange are skyrocketing. According to the latest statistics from on-chain analysis firms, the average monthly BTC inflow to this platform over the past six months has reached about 29.7 coins, nearly 34 times higher than the level at the beginning of 2021. What does this number reflect? It actually indicates that large holders (whales) are significantly increasing their activity. The trading frequency and liquidity demand of big players are clearly rising, which usually means that major funds in the market are re-evaluating their position allocations. Whether building positions or adjusting portfolios, this surge in large buy-in flows suggests that institutions and high-net-worth users have developed new judgments about the market's future direction.