Yesterday, Bitcoin experienced a significant correction, and many people began to question whether this rally was just a trap to lure in more investors. However, based on on-chain data and capital flows, the situation might not be that simple.

Let's first look at what happened on the chain: within 24 hours, there was a net outflow of up to 5784 BTC from exchanges. This data is crucial — large funds are moving from mainstream platforms to private wallets, which typically indicates a willingness to hold long-term rather than panic selling. This is a relatively positive signal.

At the same time, the entire Meme coin market is collectively weakening. The "114514" meme coin plummeted 90% in a day, and even established Meme coins like PEPE and BONK are all declining. What does this indicate? Hot money is withdrawing from altcoins and starting to flow back into mainstream assets like Bitcoin. The market capital rotation has already begun.

Combining these two phenomena, large whales withdrawing coins often precede major market moves, representing a period of quiet accumulation, while the collapse of altcoins suggests investors are reassessing risks. Short-term market sentiment is indeed more cautious, but from a medium- to long-term perspective, this logic is not pessimistic. If you're unsure about the right entry point, real-time market alerts and professional analysis can help. Keep following relevant data updates.