This signal is quite absolute.

In the past month, major players have accumulated approximately 270,000 BTC, equivalent to $23.3 billion. But the most terrifying part is the weekly purchase volume — suddenly swallowing 54,000 BTC in one week, with a market value of $4.66 billion. This speed has directly broken the record since 2012.

The timing is also quite interesting. While Bitcoin retreated from its previous highs and oscillated between $80,000 and $90,000, a large number of whales were frantically buying up. In layman's terms, it’s greed when others are fearful.

It’s worth noting that the main force behind this buying spree isn’t the super whales who have been selling aggressively since the beginning of the year. The actual movers are medium-sized investors at the shark level plus various institutional funds. In other words, smart money is quietly entering the market.

Looking back historically, a similar scene occurred in 2012 — whales were aggressively accumulating at the bottom, and then BTC soared from a few dollars to hundreds of dollars, leading to that epic market cycle. The current momentum of catching flying knives at low levels feels somewhat familiar.

But to be fair, the crypto market has never been absolute. This kind of large-scale accumulation by big players could indeed be a signal of the pre-bull market, or it could just be institutions doing routine low-position layout and risk hedging. The possibility of testing lower lows in the short term also exists, and continued volatility is quite likely.

So, the bottom line — whale movements are indeed eye-catching, and the speed of accumulation is rare in many years. Bullish believers can continue to hold their faith. But absolutely, absolutely, one hundred percent must manage risks well. Never go all-in with your entire net worth. The market always has two sides.