Interesting things have happened. A wallet address starting with 0x899 recently deposited 18 million units of a certain cryptocurrency into a major exchange, roughly equivalent to about 2.5 million USD in RMB. The deposit was made at a price of around $0.1386.

What’s even more noteworthy is the historical activity of this address. As early as the October market rally last year, it began to accumulate. It entered during the high point on October 7th and 8th, then continued to add to its position until mid-November. Now, it’s transferring funds to the exchange—is it making a proactive move? Or is it waiting for the right moment?

Every move by this big player tells a story. This operation seems to be preparing for upcoming market changes.