On-ChainBigStone

In this round of the market, retail investors are exiting, while institutions are accelerating their entry ⚠️
Exodus CEO’s latest remark:
This year’s crypto market may be experiencing history’s first “institutional bull market”—and most retail investors still haven’t even realized it yet.
A few key signals are already very clear 👇
The market value of stablecoins keeps setting new highs (funds are preparing to enter)
Traditional financial giants are starting to roll out BTC ETFs and spot trading channels
Even mortgage loans are beginning to accept Bitcoin
These changes point to o

European markets decline across the board, and this sentiment often "spreads" to cryptocurrencies ⚠️
Today, European stocks generally opened weaker:
Multiple core indices declined simultaneously, and overall market risk appetite has noticeably cooled down.
Many people think this has nothing to do with crypto, but in fact 👇
The sentiment in traditional markets is an important precursor signal for the crypto market.
When funds start to shrink risk in the stock market:
👉 Some will withdraw from high-volatility assets
👉 Including cryptocurrencies like Bitcoin and Ethereum, the cry

From 0.31 to 0.07, this isn’t a pullback—it’s a re-pricing of faith ⚠️
The DeFi project WLFI, co-founded with Trump’s son’s involvement, its governance token has already fallen to $0.07. Compared with its historical peak, it has pulled back directly by nearly 75%.
On the other side, the TRUMP meme coin is down nearly 90% from its peak to today.
Many people see “how much it’s fallen,”
but what you really need to understand is this 👇
The market is re-pricing the “narrative.”
What makes these projects rise at the beginning?
It’s not fundamentals, but: topics, traffic, and sentiment

🚨 The real big market trend has never been driven by rising prices—it’s triggered at the moment when the conflict is “ended.”
Regarding the current situation, I’ll give you a clearer logic:
👉 The end of every war is negotiations
👉 Every negotiation path is from disagreement to consensus
And what the market is truly waiting for isn’t the process—
It’s **“the moment the agreement is implemented.”**
⚡ Why is it critical?
Because that moment often means:
👉 Uncertainty disappears instantly
👉 Risk assets are re-priced
👉 A single emotional-release big bullish candle
Many people think opportunit

🚨 The whale has just completed a "textbook-level rebalancing," and the signal is very critical
Latest on-chain developments:
💣 0xa6e The whale closed a long position in BTC
👉 Size: 200.5 BTC (about $14.2 million)
👉 Average price: $71,116 (break-even exit)
Then, just half an hour later 👇
💣 Directly deployed a HYPE profit-taking strategy
👉 Position: $9.84 million
👉 Cost basis: $39.25
👉 Current unrealized profit: +$620k (48%)
👉 Target for placing orders: partial profit-taking above $43.5
⚡ The core of this move isn’t buying or selling, but a "pace switch":
👉 BTC

ETH contracts surge 10 overnight, the market is starting to get "excited" ⚠
In the past 24 hours, Ethereum contract holdings have directly skyrocketed by 10.3%, reaching a total of $30.6 billion.
Simply put 👇
It's not that funds are coming in, but leverage is stacking up.
A large number of positions are concentrated on major exchanges, indicating that the market is rapidly amplifying sentiment rather than just making long-term arrangements.
This situation often signifies two things 👇
Positive:
If the direction is consistent, once the trend starts, it will be quickly amplified by leverage, an

He is shorting, and has already started making money. Many people are afraid to look at this signal ⚠️
This whale's short position has turned profitable, with current unrealized gains close to $2 million.
How large is the position? 👇
BTC short position exceeds 2,200 coins, worth $157 million;
ETH short position is over 7,000 coins, worth about $16 million.
One key point in a sentence:
This is not small-scale trading, but real large funds pressing the market in a certain direction.
This releases two signals 👇
Bearish:
When such a level of short positions starts to turn profi

A publicly listed company is quietly adding to its position—this kind of move is often overlooked⚠️
Exodus latest disclosure:
BTC increased to 628 coins, ETH to 1857 coins, SOL even more—up to 1.75万 coins—and they’ve been adding continuously every month.
The focus isn’t the amount, it’s the pace👇
They’re buying steadily and consistently, not emotional entries and exits.
The biggest difference between this kind of company and retail investors is—
They don’t chase pumps, they don’t panic, they only do long-term allocation.
The good news is direct:
More and more companies are sta

Just now, he closed all other positions but kept adding to ETH⚠️
Huang Licheng has already closed his HYPE long position, but then continued to add to Ethereum, opening up to 25x leverage, now holding 12,300 ETH, worth over $26 million.
Key point👇
The liquidation price is $2,081, not far from the current price.
What does this mean?
A one-sentence summary:
It's not just about being bullish, but "betting heavily on one side" at a high-risk position.
Positive:
Daring to use high leverage to keep adding positions shows he has a strong short-term outlook on ETH📈
Risk:
With 25x leverage, if the di

80,000 ETH has been locked, and many people didn't realize how critical this step is ⚠️
Grayscale has already staked 83,200 ETH, which, based on the current price, is close to $184 million.
The core message in one sentence 👇
These chips won't return to the market in the short term.
This releases two signals:
Bullish:
Large funds choose to lock up their holdings to earn yield, indicating that ETH is expected to perform well in the long to medium term, while also reducing circulating supply to provide support for the price 📈
But don’t ignore another point:
Staking ≠ not selling

3.7B position bets, the true direction has not yet been revealed ⚠️
Now the whales on Hyperliquid's holdings have reached 3.7 billion USD, with longs and shorts nearly evenly split.
Simply put 👇
The market has no consensus direction, funds are betting against each other.
Long positions are about 1.9 billion USD, accounting for 51%, but overall still at a loss;
Short positions are about 1.8 billion USD, accounting for 49%, and are already profitable.
What's more exciting is—
A whale at $2,148 is directly using 15x leverage to go long ETH with full position, now floating profit ex

The whale just left, yet the price doubled—this is the market’s most authentic side⚠️
There’s a big-money player who previously dumped a few hundred million dollars into buying ETH and BTC, but three weeks ago he sold nearly 900,000 RAVE at almost cost, taking away only about $220,000.
So what happened next?
RAVE then shot up directly by 226%. If he were still holding, his unrealized profit would be close to $870,000.
Many people look at this and think:
“Even the whale sold at a loss?”
But what you really need to understand is👇
The market maker doesn’t have to make money on ever

An hour of liquidation reached $43 million, and this rally was actually “forced out” ⚠️
In the past 1 hour, liquidations across the entire network exceeded $43 million, with nearly $39 million coming from shorts—basically almost a collective sweep.
In plain terms, 👇
It’s not that the market is actively rising; it’s that the shorts are being forcibly bought back, pushing the price up.
BTC liquidated $21 million, and ETH liquidated $10 million; at this level of liquidation, it’s basically the result of major players precisely controlling the market.
This kind of market has two key poi

Starting to cash out, this move is often more critical than opening a position⚠️
Huang Licheng has already been taking profits in stages on his BTC long positions, but still holds 98 BTC positions, and also has nearly 12k ETH long positions.
Currently, the overall unrealized profit has exceeded 1 million USD.
What does this indicate👇
It's not simply about "being bullish or bearish",
but about entering a stage of earning and taking profits simultaneously, controlling the rhythm.
The positive side:
Large funds are still in the market, indicating the trend has not completely ended, and there is

The TH contract suddenly piled up to 32 billion, and this signal is starting to become dangerous ⚠️
In the past 24 hours, Ethereum contract open interest directly rose by 5.78%, bringing the total to the 32 billion USD level.
Simply put 👇
More and more funds are using leverage to place bets.
And these positions are mainly concentrated on major exchanges—what does that indicate?
The market is quickly building up sentiment, not just buying spot.
This leads to two possible outcomes 👇
Good news:
If the direction stays consistent, leverage will amplify the move; once it breaks thr

Once again, 5,000 ETH were sold at this position ⚠️
The Ethereum Foundation sold 5,000 ETH directly at around $2,221, converting it into 11.1 million DAI.
Many people's first reaction: bearish.
But experienced players are more concerned about another matter 👇
Why now? Why at this price?
On the surface:
It indeed affects short-term sentiment, creating expectations that "a correction might happen."
But on a deeper level:
This is more like a capital reallocation, swapping volatile assets for stable assets to leave room for future moves.
The whales aren’t watching a single sell

Funds are still flowing into ETH, and many people haven't understood this rhythm ⚠️
Latest data: Ethereum spot ETF's net daily inflow is close to $65 million, with one of BlackRock's products taking most of the funds.
To put it simply 👇
It's not retail investors buying, but institutions continuously adding positions.
The current situation is very clear:
Large funds are gradually accumulating through ETFs, slowly "moving" ETH out of the market.
The positive aspect of this is—
The source of funds is more stable, buying pressure is more sustained, providing medium- to long-term sup