Recently, the market seems a bit dull, with a weekly volatility of only 5% and trading volume also sluggish; it feels like the market is holding back a big move. But if you truly think 'boredom means nothing is happening', then you might be gravely mistaken…

There are some details that are quietly fermenting. For example, whales are moving, stablecoins are surging, and altcoins are getting a bit restless.

⏳ Market dull? Don't worry, this could be the calm before the storm.

In the past week, Bitcoin (BTC) has been fluctuating narrowly around $109,000, opening at $108,386 and closing up less than 1%. On the surface—'no chance'.

But old crypto veterans understand that the longer it remains flat, the more intense the movement will be. Moreover, a calm market does not mean that funds are asleep.

🧊 Macroeconomic situation: 'loud thunder but little rain', but on-chain anomalies are starting to appear.

On a macro level, U.S. employment data, tariff adjustments, and the large-scale American Plan… none of them have delivered any solid evidence, so there is no short-term momentum to disturb BTC.

However, the activity on-chain is rather unusual.

🐳 A 14-year-old giant whale suddenly 'stretches its muscles', is the market getting nervous?

This week, a dormant address that had been inactive for 14 years suddenly transferred out over 80,000 BTC! Although there has not been a significant sell-off yet, once this 'ancient holding' moves, it can easily cause market sentiment to fluctuate.

To know that these big players have coins mined from 2009 to 2011, any movement is a big deal.

Will they choose to sell at a high point? This is one of the questions on the market's mind.

💵 The biggest highlight: $31 billion in stablecoins waiting on the sidelines to charge!

Looking at Binance again—stablecoin reserves have soared to an all-time high, with USDT and USDC exceeding $31 billion!

What does this represent?

  • Money is still there, even more than before.

  • But they haven't entered the market, rather waiting for opportunities.

From experience, this situation often indicates that off-market capital is positioning itself, preparing to 'buy the dip' or 'chase a breakout'.

And once that money starts to shift—well, you know, the market won't look like it does today.

🧠 Looking at BTC again: funds are leaving, coins are accumulating.

At the same time, Bitcoin reserves on Binance are declining, indicating that traders are withdrawing BTC from the exchange to hold in cold wallets for the long term.

In other words, no one is willing to sell Bitcoin anymore, let alone move.

But money is still lurking outside, watching closely; the question is, are you afraid?

🧨 Altcoins: Giants are quietly lying in wait; will old projects welcome a 'second spring'?

Interestingly, some altcoins are starting to show signs of accumulation at low levels.

The supply of stablecoins on Ethereum has reached an all-time high of $136.3 billion, nearly double that of January 2024.

Projects like TLM, FIO, and MBOX, which are in the 'neglected' zone, have recently been observed to have whale funds entering, with bullish positions increasing, as if they are laying out plans in advance.

At the same time, the supply of stablecoins on Ethereum has reached an all-time high of $136.3 billion, doubling from the beginning of the year—money has indeed come in, and many are betting on ETH + altcoin directions.

🎯 With ETH ETFs strongly attracting funds, will the altcoin season rise with it?

Don't forget, ETH spot ETFs have seen net inflows for eight consecutive weeks, indicating that both institutions and retail investors have not given up.

Once the new funds attracted by these ETFs extend to various assets in the Ethereum ecosystem, the altcoin market may be directly ignited.

✅ A brief summary:

  • Bitcoin sideways = market brewing.

  • Whale transfers = potential emotional turning point.

  • Stablecoin surge = funds are preparing.

  • Altcoin accumulation = someone is already taking action behind the scenes.

So, it might be worth being a little more patient—the fourth wave of the bull market could be just behind the next candlestick.

✍️ DYOR, manage your risks well, and may everyone set sail in the crypto world! 🌊

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