#巨鲸动向 The term 'whale' refers to large addresses or institutions that hold significant amounts of mainstream cryptocurrencies (such as BTC, ETH). Their buying, selling, and transfer activities often attract market attention. Large transactions can be tracked through Whale Alert and on-chain platforms: withdrawing to cold wallets may indicate long-term holding, while transferring to exchanges may signal selling pressure. Recently, some BTC whales have locked up their holdings in anticipation of price increases, while ETH whales have increased their staking, making their movements an important reference for investor sentiment and short-term volatility predictions.