#BTC资金流动性 $ETH $BTC $BNB

🔥Why is Ethereum quietly surging in silence? What is hidden behind the signals of contradiction?

On the surface, Ethereum seems to be in a slump—trading is light, and trading volume has shrunk significantly, making it seem like the market has entered a "hibernation period." However, the reality is far more complex. As retail funds continue to withdraw and market sentiment cools, high-net-worth individuals holding over ten million dollars have been consistently accumulating since July, with their investments approaching historical peaks.

These seasoned participants never chase highs, yet they choose to enter the market at this time—Is it a precise bottom-fishing judgment, or do they have foresight about the future market?

The signals from the derivatives market are even more intriguing. The open interest has halved, leverage funds are being rapidly cleared out, and traders are collectively exercising caution. Simultaneously, the crypto ETF has seen an outflow of $644 million, with institutional investors also in a wait-and-see mode. It seems like a collective retreat, but from another perspective—could this not also be a way to clear risks and accumulate strength for the next wave of action?

When speculative leverage dissipates and market noise fades away, the real capital game begins.

Whales are accumulating, the market is storing up - is the sideways movement really just the endgame, or is it an eerie calm before the storm? Time will provide the answer.