#美联储回购协议计划 Whale movements have been quite interesting these past two days. The day before yesterday, there was a net outflow of over 1,000 coins, and yesterday, only a net inflow of a little over 200—seems lukewarm. The key is to see how it moves today. If this rally doesn't bring a significant net inflow into whale addresses, it indicates that the market still carries the risk of false optimism. Conversely, if the net inflow exceeds 1,000 coins, the subsequent momentum could be promising. If the fluctuation remains at a few hundred coins, then let's wait until tomorrow to see the specific situation. Overall, avoiding net outflows is already a good sign.

Every large net outflow usually results in one of two outcomes: either a shakeout to test traders' patience or a genuine decline. This has been a consistent pattern with few exceptions.

There's also a detail worth paying attention to—an ancient-level super whale has recently made a big move, transferring 100,000 ETH to exchanges. This signal warrants some analysis. Coupled with the fact that options expiration volumes have hit a record high recently, considering these factors, instead of blindly placing orders, it might be better to see if the price can stay within the 85,000-91,000 range. Or wait until it breaks below that to see if it's a false breakdown.

The current consolidation has lasted for a while without a clear direction. Once a direction is chosen, there's a good chance it could be a fake move to deceive traders. So, caution is advised at this stage.