Looking at the net position flows of BTC across various exchanges, many insights can be uncovered. Although large outflows do not necessarily lead to price increases, sufficient buying volume can indeed have a positive impact on the market. What's more interesting is that when extended to the past year, the buying power of BTC far exceeds the selling power. This phenomenon is quite intuitive—when a large number of users are purchasing on exchanges, the market has enough support, naturally creating upward momentum. From this perspective, exchange inflow and outflow data can actually reflect the true intentions of market participants; continuous leading buying volume over selling volume to some extent indicates that the market's bullish enthusiasm remains strong.