Recently, two key data points are worth paying attention to. On one hand, US inflation has shown a sharp decline. This is a major positive for the overall risk asset market sentiment—easing inflation pressures mean rising expectations of rate cuts, and capital will significantly shift its attitude towards high-risk, high-reward assets.

On the other hand, there are also positive signals in Bitcoin. Data shows that large whale users have recently stopped their previous continuous selling spree. What does this usually indicate? It suggests that the phased outflow has come to an end, and market sentiment is beginning to stabilize. Whale behavior often leads the market by a step, and this halt in selling can be understood as institutions and major holders turning cautiously optimistic about the future.

Putting these two factors together—improving macroeconomic conditions and on-chain large capital stopping outflows—creates a relatively friendly environment for risk assets (especially cryptocurrencies). However, markets are ever-changing, and these signals are only temporary references. Investors should still remain rational and vigilant.