#大户持仓动态 I just came across an interesting point — some analysts have pointed out that the Federal Reserve's liquidity policies are actually signaling something similar to QE, which could boost the overall market liquidity expectations. Based on this logic, Bitcoin is likely to oscillate at high levels between 80,000 and 100,000 in the short term, and surging to $124,000 is not out of the question, especially as the first quarter of next year could become a key time window.

It’s worth noting that this analyst recently moved some Ethereum positions. At first glance, it might seem like a sell signal, but from a trader’s perspective, large holders adjusting their positions is quite common — it doesn’t necessarily mean they’re bearish; it could simply be an optimization of their asset allocation. The real key signals are on-chain.

Recently, I’ve been paying close attention to some on-chain indicators: over the past couple of days, large Bitcoin addresses on the chain have been quietly increasing their holdings, active addresses have significantly risen week-over-week, and more importantly, net outflows from exchanges indicate that hodlers are actively entering the market. This combination of signals — liquidity expectations plus rising on-chain concentration — has historically been a typical feature before a bull market begins.

Honestly, going from the bottom to a breakout is never an instant process. The foundation has been laid sufficiently; now it’s just waiting for that ignition point. Any short-term pullback shouldn’t be overly concerned about; the key is to hold onto your positions. From now until the first quarter of next year, the probability of Bitcoin breaking through $120,000 is quite high.

That’s the rhythm of the market — if you get in at the right time, you can profit; if you fall behind, it’s a pity. If you want to stay updated on real-time on-chain movements and market rhythm, keep following.