According to BlockBeats, on-chain data analyst Murphy has observed that since September 11, most cryptocurrency holders have maintained a neutral stance, neither rapidly distributing nor significantly accumulating assets. During the period from August 29 to September 9, whales holding between 1,000 and 10,000 BTC had been increasing their holdings, but this trend has now slowed.
This neutral behavior indicates that the current market sentiment is balanced between optimism and anxiety, with many investors adopting a cautious approach. Historically, similar data patterns have emerged at market turning points. Considering the situations in January and April this year, it is advisable to monitor the behavior of whale groups to assess the future trajectory of the crypto market.
