This wave of BTC whales that haven't moved in 14 years suddenly transferred funds, the main signal is that sentiment outweighs actual selling pressure. On-chain data shows that large amounts of BTC have merely changed wallets and have not flowed to exchanges, so the selling pressure risk is limited. Short-term market sentiment fluctuations are inevitable, but the structural trend has not been damaged.

The early awakening of whales is often motivated by asset restructuring, inheritance, or security upgrades, and does not necessarily indicate a reduction in holdings. The current capital situation still leans towards institutional accumulation, with obvious signs of rotation among the main players, and the market interprets this as a sign of a new distribution phase.

Today is relatively neutral, and since it's the weekend, there aren't many good trades to make. Everyone enjoy the weekend!