Question to the UTXO OGs:

Does consolidating UTXOs you received directly from an (KYC)exchange to a new adress help to improve privacy?

I am not talking about coinjoining. Just consolidating some UTXOs to new adresses. I asume this would help when trying to deny that you have access to the mentioned UTXOs, because they don’t sit in adresses they know you control. You could say you accidentally moved them to wrong adresses or traded them for something. Or is this too shortsighted?