2025-12-24 20:23:01

On-chain monitoring has triggered alerts again—late at night, news came that another massive Bitcoin transaction from the dormant phase has been awakened. This month, similar "sleeping whale" awakenings have been recorded more than ten times, all of considerable scale.

Interestingly, during the early hours, the screen was filled with discussions about the explosive news of "crypto ETF reshuffle," but I remained largely unaffected. Those who have experienced several bull and bear cycles since 2017 know well not to be led astray by sensational headlines.

The truly important insights are not in the news but on the blockchain. Over the past few weeks, system tracking has identified more than thirty institutional-level transfers exceeding one thousand Bitcoins each. These on-chain footprints do not lie; the stories they tell are completely different from news headlines.

**Surface excitement, but the truth is on the chain**

Recently, market enthusiasm for ETFs has been extremely high. Every week, new asset management firms announce the launch of crypto ETF products, sounding vibrant and promising. But a closer look at on-chain data reveals the truth—funds are actually highly concentrated in the hands of a few giants.

Tracking institutional wallets shows that about 85% of Bitcoin ETF funds flowing into three major asset management giants with management scales exceeding $10 billion. What about the smaller ETFs with big marketing campaigns? On the chain, there’s hardly any real money entering.

A more critical indicator is the continuous net outflow of Bitcoin from exchanges. The supply of Bitcoin held by long-term holders has surged to over 70% of the all-time high. What does this indicate? Genuine Bitcoin is continuously flowing from short-term traders to long-term holders, a pattern that always appears before each bull market.

BTC0.79%

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DefiPlaybook

· 12h ago

Wake up, that 85% concentration is even more exaggerated than some shitcoin distributions. --- On-chain data is much more honest than Weibo trending searches. --- It's another whale awakening and hitting a new all-time high. I've seen this script in 2021. --- Wait, is the net outflow from exchanges continuing? That signal is indeed interesting. --- Really, stop reading the news. Just look at Glassnode, it's simpler. --- 85% flows to the three major giants. The small ETF is just here to keep pace. --- The most hyped-up times are when the least amount of funds are entering. Magic, huh? --- The high proportion held by long-term holders indicates that those who are bottom-fishing have already entered. --- On-chain footprints don't lie, but news headlines can distort the truth—ridiculous. --- This wave might just be another "superficial prosperity" show.

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ruggedNotShrugged

· 12h ago

We've seen many instances of whales waking up; true players have long been monitoring on-chain data.

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MEVHunterNoLoss

· 12h ago

The "whale awakening" narrative has been overused for a long time; the key is to see who is actually taking over the position. --- On-chain data doesn't lie, but interpretations are often full of hot air. --- 85% concentrated in the three major giants? That's the real story behind the ETF narrative. Retail investors are still dreaming about small ETFs. --- Those who experienced the 2017 bear market know that the more sensational the news, the more suspicious it should be. --- Long-term holders account for seventy percent, indicating that the real chips are in their hands. Short-term traders have long been wiped out. --- Everywhere is talking about ETF reshuffling. I just want to see who is really pouring money in. --- Another whale awakening warning. How many times has this signal appeared? The market has long responded. --- Looking at institutional wallet data makes it clear that all the hype is just to lure retail investors in. --- The symptoms before a bull market all match, but could this be another routine this time? --- Stories on the blockchain and news headlines are indeed two different things. The only question is how to arbitrage the price difference.

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ConfusedWhale

· 13h ago

Whales are moving again, I've seen this pattern too many times... --- On-chain data really doesn't lie; news is just a smokescreen. --- 85% eaten by the giants? Small investors' ETF dreams are shattered again. --- It's always the same, hot news flying everywhere, but the real show is on the chain. --- Long-term holders are continuously accumulating, and we're still reading the news... --- Those who survived 2017 understand; don't be fooled by the headlines. --- Over thirty transfers of thousands of coins each, now that's solid evidence. --- Feels like we're heading into the same phase before the bull market. --- Highly concentrated capital is the most frightening thing you can't see. --- Net outflow of Bitcoin from exchanges, can this signal be trusted?

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GasGrillMaster

· 13h ago

On-chain data doesn't lie; news is just a show for the retail investors. --- Wake up, everyone. When whales move, you all follow and run around? --- The truth is so simple. Big players are hoarding, and you're still looking at ETF marketing accounts. --- I've seen this routine too many times; it's always the same script. --- 85% flows into the hands of giants, and the remaining small ETFs are just tools to harvest retail investors. --- Since 2017, I've learned one trick: don't listen to the news, follow the on-chain data. --- The proportion of long-term holders has broken 70%, those who understand know what it means. --- Full of bullish news about ETFs, but on-chain data is quietly shifting; the contrast is too stark. --- Thirty transactions of thousands of tokens each; institutions are playing chess while we watch the game.

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