#ETH走势分析 On-chain data has recently revealed an intriguing signal—the whales have started "arbitraging."

Bitcoin inflows to several major platforms have suddenly surged, with deposits at a leading exchange approaching the yearly high. What does this mean? The whales holding large amounts of tokens are moving their coins onto exchanges. The motive is clear: they're preparing to cash out and exit.

There's an unwritten rule in the market—when funds flow en masse to exchanges, prices usually can't hold up. This time is no different; Bitcoin has repeatedly failed to break through key levels recently, with heavy sell pressure overhead.

Looking back at past market cycles, you’ll find a pattern: after similar spikes in inflows, the market usually consolidates for a while or even experiences a pullback. But don’t get it wrong—this isn’t a sign of a bull market collapse. It’s more like the market is "detoxing"—absorbing this potential selling pressure so it can move forward more lightly.

So what should ordinary investors do?

Don’t scare yourself, and don’t overreact to every signal! If you’re holding positions, consider taking partial profits in batches. If you’re on the sidelines, there’s no need to rush in and catch a falling knife—wait until the direction is clear.

The actions of whales are just one indicator, not an absolute prophecy. What they truly remind us is: one-sided rallies can't last forever. Volatility and pullbacks are part of the game.

Currently, Bitcoin is still wrestling with key price levels, and it will likely continue to consolidate in the short term. Stay clear-headed, manage your positions, and don’t let short-term fluctuations derail your trading plan—that’s the real way to survive. $ETH