In recent days, the whale wallets have been awakening intensively, with potential selling pressure exceeding 8 billion dollars, creating a wave of negative sentiment;

However, setting this news aside, when we look at the data, it's difficult to resonate with this news;

1: The premium on the large exchange has remained high;

2: The funding rate for Bitcoin contracts has consistently been low, unable to maintain even the standard 0.01;

3: Bitcoin ETFs have been in a net buying phase, determined by comparing the inflow of ETFs with the increase in CME futures to ascertain whether the funds are for hedging or net buying, and it has been in a net buying stage recently;

This is the current contradiction point, and my trading advice is to prioritize data indicators while using the news of whale wallets awakening as a supplement. Until the data indicators are in place, it is advisable to temporarily abandon the idea of hitting the top, and at least one should not be overly or emotionally bearish.