The supply of ICP on exchanges is showing a divergence. According to on-chain data, the ICP reserves of a compliant platform are decreasing, while the ICP supply on another major exchange is increasing. This opposite movement suggests a subtle shift in market participants' demand for ICP—selling on one side and accumulating on the other. Differences in supply flow often reflect the true intentions of large holders. When institutions and whales start changing their allocations across different platforms, it usually indicates an adjustment in market sentiment or strategy. Monitoring such data trends helps to understand the true internal capital flow of the market.