#大户持仓动态 The Bank of Japan's rate hike expectations are gradually becoming clearer, and this type of policy-related bearish sentiment has become a certainty. Currently, market attention is shifting to the dynamics of the Ethereum ecosystem—an upgrade to the privacy protocol is imminent, and once implemented, both ecosystem applications and transaction privacy will enter a new phase. Speaking of opportunities in altcoins, highly imaginative projects on the Ethereum chain are gathering momentum, especially assets related to Elon Musk's ecosystem such as DOGE, which are waiting for a market rebound. Progress in XRP within the cross-chain payment field is also worth noting. Industry insiders are actively exploring this round of structural opportunities; those interested in gaining deeper insights should pay close attention to market trends and on-chain whale activities.