#巨鲸交易策略 Analysis of recent BNB trading data shows no significant large-scale market-making activities. CZ publicly denies the existence of market makers for BNB, which is generally consistent with on-chain observations. However, relying solely on the project party's statement is not enough to completely rule out the possibility of other institutions participating in market-making. It is advisable to continue tracking the capital flow and trading patterns of large addresses to verify CZ's claims. At the same time, pay attention to changes in BNB's supply and deflationary effects, as these may be key factors influencing its price. Overall, current data supports CZ's statements, but it is still necessary to maintain an objective and cautious attitude.