WAL large holders' operations may seem simple, but there are hidden secrets. Recent data shows that these whales are not a unified block but are divided into two position systems: one is the core holdings accounting for over 80%, used for long-term optimism about the Sui AI storage ecosystem; the other is a 15%-20% liquid position, specifically for short-term arbitrage and risk hedging.

Recently, the long-short ratio dropped to 0.62, which looks fierce, but a closer look reveals they only reduced 21% of their long positions in the liquid holdings. The 80% of chips in the core holdings remain unchanged, and this is the key point. Simply put, large investors are balancing flexibility and certainty — short-term volatility does not affect their long-term confidence.

How does the market react? Of the 14.5 million USD in 24-hour trading volume, retail net inflow is 16,900 USD/hour, just enough to absorb the liquid chips reduced by the large investors. What does this indicate? It shows that the core holdings are the stabilizing force, truly capable of influencing medium-term trends. If the large investors' core holdings show any abnormal movement, such as large transfers or unlocking reductions, that is a real signal and requires close attention.

What should retail investors do? Strategies should be categorized. When large investors move their liquid holdings around the support level of $0.1573 and the 99-day moving average (at $0.1557), they can buy in batches at lower prices. As long as the core holdings remain unchanged, hold your positions confidently and don’t be scared by short-term fluctuations. If you see large investors replenishing their liquid holdings and the price volume breaking through the midline of $0.1584, you can participate in swing trading with a light position. But remember an old saying: never use high leverage.