Why has on-chain activity suddenly increased as a prelude to a market shift:

Since the beginning of this summer, on-chain activity in the cryptocurrency space has steadily increased, with Ethereum's activity far exceeding previous levels. In addition to major whales and institutions increasing their holdings, ancient whales have also begun to awaken, and some individuals have a strong influence on the market, leading to intense long and short market competition. #MichaelSaylor暗示增持BTC

Spot trading is a guarantee for the market to remain active in the long term. With a large number of holdings on-chain, the short-term outlook for spot trading is friendly; significant inflow can bring short-term positive gains, but the range of price movements is limited. Additionally, after the coin price has returned to a certain high level, selling pressure is evident. #长期持有策略

However, the overall market's volatility risk is more difficult to grasp. On-chain funds will not enter high positions to long contracts; the consensus is to short after selling off at high levels. This is why the main on-chain funds are currently inactive, resulting in smaller market fluctuations. Once a large amount flows into exchanges, the market shift will begin. Moreover, it is highly likely that it will not only cleanse one side. With the current intensity of liquidation for both long and short positions being maximized, the possibility of a double wash is very high! #现货与合约策略

Therefore, at all times, one must be cautious and manage risks effectively, maintaining a defensive posture. One must not only focus on the present but also prepare for the future. Participants in the market are profit-driven, but the market can be ruthless! $BTC