Should we continue to go long on coin-based futures? This question seems to warrant a question mark.

According to on-chain data, the big player who shorted after the 1011 crash has been active recently. 20 minutes ago, he deposited 35,509 ETH into a major exchange, worth approximately $104 million. Interestingly, he also deposited 100,000 ETH six days ago, but based on the K-line performance, these large inflows did not create a significant short-term pressure on the ETH price.

This perhaps indicates something — either the market has good digestion capacity, or market sentiment itself is driving the trend. The movements of large funds have become more of a reference signal rather than a decisive factor.