#数字资产动态追踪 On-chain data has just been updated. Let me break it down to see what recent bullish and bearish players are up to.

Today’s whale activity is quite interesting—most are on the sidelines, which often signals a market reversal. The details really tell the story: on the bullish side, a whale used 8 million to directly buy into 11 altcoins, quickly building a position worth 13.76 million—this is a serious bet; there’s also the aggressive trader Jez opening 20x leverage to long BTC, ETH, and SOL simultaneously, clearly representing the bullish camp.

The bears are not idle either. The large holder who "turned from long to short" closed over 70 million in short positions, taking a small profit of about 140,000 before locking in gains; meanwhile, the veteran with a "100% win rate" remains steadfast, continuing to short SOL. Although leverage is only 3x, it shows that the bears are still holding their ground.

At first glance, the tug-of-war between bulls and bears seems quite ambiguous. But that’s the key—whale caution is usually not fear, but waiting for a turning point. The bullish leverage is so exaggerated that big funds are probably betting on a rebound; bears taking profits quickly indicates they’re cautious, even if they haven’t fully given up.

Connecting this with recent macro sentiment—it's relatively mild. My intuition is that short-term consolidation and shakeouts will continue, but the medium to long-term trend points upward. Altcoins are likely to lead the charge. Trading ultimately is about following the data. My key indicators aren’t 100% confirmed yet, but the main conclusion remains: hold your spot positions firmly and don’t lose your composure in the volatility. Stay patient and wait for the wind to come. $SOL