OKX BTC Balance Drops 2.15% in 7 Days; Gate Inflows Exceed $287M

Exchange-level BTC flows are often read as a proxy for where holders feel comfortable parking collateral, so a decline at one venue alongside a large inflow at another points to rotation rather than a market-wide exit. What matters is whether this reflects a durable preference shift or routine treasury and listing activity at the receiving exchange. The open question is whether the divergence persists across more than a single week, which would say more about venue-level trust and liquidity depth than about BTC demand itself.