#以太坊大户持仓变化 Don't keep staring at the market fluctuations! A recent move by BlackRock is quite worth pondering—within two days, they withdrew nearly $700 million worth of Bitcoin$BTC from a major exchange. What's behind this move?

On the surface, it's a withdrawal; at its core, it's a declaration. Moving assets from exchange accounts to their own cold wallets—what does this mean? It signifies that they are turning "digital numbers on paper" into "actual on-chain assets" they hold in hand, which no one can tamper with.

While retail investors are still betting on price rises and falls, whales are voting with their money—they're not after short-term gains but complete ownership. Their strategy is simple and brutal: buy and never sell, ignoring any volatility.

What does this mean for market liquidity? Every large withdrawal reduces the amount of Bitcoin freely circulating in the market. In the long run, liquidity will become tighter and tighter, foreshadowing supply chain pressures in the future.

From a retail investor's perspective, now is the time to consider a few things: First, don't try to beat institutions that hold long-term without trading; you can't win. Second, where are your assets stored? Even the biggest asset management firms choose self-custody. Is your full assets on the exchange risky? Third, learn to read the "exchange balance" on-chain indicator—it often reveals more truth than candlestick charts.

Remember one thing: the true drivers of a market top are always "people who buy and never sell again." When big players start accumulating, ordinary investors should not panic but understand what they are doing and follow the rhythm. If you want to spot the next institution that might withdraw large amounts early, you need to keep an eye on on-chain movements—the signals are often revealed earlier than press releases. $ETH $BNB