#数字资产动态追踪 Consolidation often breeds volatility at its end, and that turning point marks the beginning of everything. Yesterday’s on-chain data still appeared calm—whale addresses net inflow of over 200 coins, and the market did not stir any waves. What’s more heartbreaking is that the current liquidity is ridiculously poor. Retail investors who should run have run, those who should wait are waiting, while the real chips are becoming increasingly concentrated in the hands of new large funds on Wall Street. You’ll notice a strange phenomenon: sometimes one or two trades can control the trend, and the market is played around like a puppet.

In this situation, there are actually only two words we can do—wait. Wait for the price to break out of the box and oscillate, or wait for the price to fall and then rebound to fill back in, and then confidently jump in. Those dull and boring days in between? Play around with contracts, or make plans with friends to pass the time—that’s all.

But there’s a detail to pay attention to: Spot ETF net inflow yesterday was 355 coins, breaking a 7-day streak of net outflows. Can this positive signal continue? This is very important because spot ETFs are one of the engines that push up the coin price. In the short term, we’ll see if this data can keep up the strength.