#数字资产市场洞察 Big Whale Rebalancing Signal Incoming: ETH and DeFi Battle

Recently, a clear shift in on-chain capital flow has emerged — influential large holders are gradually reducing their ETH holdings and shifting towards high-quality DeFi protocol tokens. What does this move indicate?

The core logic of this large holder is straightforward: in the short term, the price elasticity of high-quality DeFi projects may surpass that of ETH, because ETH’s market size is already substantial, and while liquidity is ample, explosive growth potential is limited.

But this** does not mean ETH is about to collapse**. The real situation is: the market is beginning to differentiate.

**Technical Analysis:**

ETH is currently in a consolidation range, with a key resistance at 3120. This is an important threshold that will determine whether the price can continue upward. If it breaks below, the 2970 level will become a sentiment dividing line — a breakdown here is expected to signal a clear weakening. Further down, 2860 and 2720 are two major support levels.

When large holders move, market sentiment tends to follow suit. But for retail investors, this is the time to stay calm.

**My Recommendations:**

▸ **Hold your ETH core position firmly** — Don’t sell everything just because of rebalancing signals. ETH’s central role in the ecosystem won’t change in the short term; it remains a must-hold asset during a bull cycle.

▸ **Not all DeFi tokens are worth chasing** — The high-quality targets mentioned by large holders refer to projects with real revenue streams and genuine trading volume, not hotly promoted new tokens.

▸ **Capital allocation matters** — You can allocate 10-20% of your total funds to test DeFi opportunities, but don’t go all-in. Keep enough core holdings to hedge against black swan events.

In the coming weeks, who can seize the structural opportunities in DeFi? It still depends on the fundamentals of the projects themselves — liquidity, trading depth, and community authenticity. Blindly following the trend will only lead to catching the last wave.

Remember: others’ rebalancing signals are just references; your own funds are the main characters. Understand the logic before acting — it’s never too late.