According to @Andre_Dragosch, the recent decline in BTC exchange balances is primarily attributed to corporate acquisitions of bitcoin rather than ETF inflows. This trend represents 'sticky capital,' as corporations like MicroStrategy (MSTR) are generally price agnostic and focused on long-term accumulation, rarely selling their holdings. Traders should note that this pattern could reduce available BTC supply on exchanges, potentially impacting liquidity and price volatility. Source: @Andre_Dragosch on Twitter, April 27, 2025.