#数字资产动态追踪 CryptoQuant's recent on-chain analysis reveals an interesting phenomenon: the holdings of Bitcoin whales are actually shrinking. Many people see news reports claiming whales are accumulating rapidly, but the data shows their balances are decreasing. Why is this happening? It turns out that many exchanges are consolidating Bitcoin into a few addresses, creating an illusion of "whales accumulating."

This reminds me of an old saying: all data in financial markets are just references, not entirely reliable. Every move of $BTC $ETH $SOL , all news, data, and expectations, will ultimately be absorbed by the candlestick charts — this is the most honest reflection. Instead of fussing over how to interpret data metrics, it's better to focus on what the price movements themselves are telling us.