#数字资产市场动态 Bitcoin has been interesting in the past 24 hours

$BTC The volatility has been modest, with a 0.4% increase or decrease, but underlying currents are surging. Institutions are buying aggressively; Metaplanet dumped $451 million in Q4 this year, acquiring 4,279 Bitcoins in one go, with a clear target—accumulating 210,000 coins by 2027. This is no small matter.

Whales are also active. They withdrew 2,000 BTC from trading platforms within two days, totaling $177.23 million. This isn't short-term speculation; it's clearly a long-term strategy. Coupled with accelerated global central bank liquidity, the story of scarce assets is reignited, which theoretically is bullish for Bitcoin.

But risks are also quite apparent. The market structure resembles that of 2021, with over-leverage and weak spot demand lurking. Some expect a drop to $40,000. Meanwhile, a seasoned player threw 112,894 ETH into trading platforms (worth $331.8 million). Although no confirmation of liquidation has been seen, the signal is somewhat ambiguous.

The most concerning point is that a major whale is aggressively increasing short positions—both BTC and $ETH are leveraged 10x, and $SOL even at 20x, with a total position worth $169 million. This individual’s market outlook is completely opposite to that of institutional buyers.

So the current situation is: long-term investors are bullish, but short-term risks are significant, and the market is being pulled in two directions.