#数字资产市场动态 $ETH Big move! Whale BitMine withdraws 154,000 ETH in one go, worth $450 million. Behind this operation, unrealized losses have already piled up to $3.5 billion—is it a move to cut losses and exit, or is there a bigger plan brewing?

Regardless of the reason, this massive transfer instantly sparked discussions across the entire network. What’s even more worth paying attention to is the macro background behind it.

The Federal Reserve officially announced the permanent retention of the SRF tool, while also removing the $500 billion liquidity cap. This signal is very clear—the door to unlimited liquidity has been fully opened. Traditional finance’s cheap capital is starting to look for an exit, and risk assets, especially in the crypto space, are becoming new destinations for funds. The current bull market might just be getting started.

You can feel this heat just by looking at the current market. What’s the status of the SUI chain now? Bitwise is strongly pushing for a spot ETF, and DEX trading volume has already surpassed $16 billion. Behind this is actual institutional capital action. ASTER is also serious—buying back and burning tokens with real money, and even partnering with SBI to develop a JPY stablecoin, with a deflationary model that’s quite imaginative.

Aave’s locked-up amount has exceeded $40 billion, and UNI V4 has already mobilized a trading volume of 2.75 trillion within a single cycle. The top DeFi sectors are far from lacking heat; what’s missing is truly logical choices.

A lesson from two years ago—last year, big influencers called for Bitcoin to reach 100,000, bringing retail investors to the top. But only a few accurately hit new highs of 75,000 and 120,000. Now, these people are saying the bull market isn’t over yet. You need to judge how much weight to give to these words yourself.

The investment approach is actually quite simple: there are indeed opportunities with “monster coins” (like the ecosystems of BSC, Solana, which have seen tenfold gains in just three days), but the premise is that you understand the fundamentals of the target. Avoid unverified, air coins without audits. Small-scale trial and error is the right attitude. Remember last year CZ’s words that triggered a 27x surge in a certain Arab concept coin—such a rise without fundamental support is bound to come down.

So here’s the question: what do you think about BitMine’s recent withdrawal? Is it truly a reorganization, or is there something else in the works? Where will the next explosive point in the crypto market emerge from?