#巨鲸行为分析 The investment market may experience a shift in direction, and important capital movements are worth following.

Recently, the actions of a major fund holder have been quite thought-provoking:

First, this whale reduced its holdings by 11,000 Ethereum in just 30 minutes, realizing a profit of approximately $618,000, clearly taking partial profit at a recent price peak. Although it still holds a long position of 33,000 ETH worth $133 million, this reduction in holdings indicates that large funds may believe that the upside potential is limited in the short term, choosing to lock in some profits early.

At the same time, it is worth noting that the same fund has maintained its position in 382,000 SOL (valued at approximately $7.446 million) without making any adjustments. This may be due to strong institutional investment support for Solana (reportedly, 8 listed companies publicly hold over 5.9 million SOL), and large funds may be waiting for more favorable news to emerge.

This selective reduction of ETH does not indicate a bearish outlook on the market; rather, it resembles a risk management strategy. Considering that ETH has already seen a significant increase shortly after breaking the $4,200 mark, historical data shows that large capital concentration and profit-taking often trigger market adjustments.

The unchanged position on SOL may reveal a deeper market intention: the market for alternative coins may not be over yet, and funds tend to allocate to assets with higher elasticity.

For ordinary investors, blindly chasing ETH at this time may not be a wise move. It is recommended to wait for the price to pull back to the support area of $3,950-$3,970 before considering entry. If SOL can hold the support level of $180-$160, it may still welcome a second wave of increase. Large investors have begun to participate while withdrawing, and ordinary investors should also moderately control risks to avoid excessive greed.

$ETH $SOL $COAI