#大户持仓变化 $BTC's recent performance has indeed been volatile—dropping nearly 30% from recent highs and now fluctuating around the $85,000 range. Most people are starting to feel uneasy. But on-chain data reveals an interesting phenomenon: those medium-sized players holding between 100 and 1,000 BTC (industry called "shark addresses") are actually going on a buying spree. In just one week, they've absorbed over 50,000 BTC, a pace rarely seen in the past 13 years.

What does this indicate? Truly perceptive institutions and veteran players haven't given up on the market; instead, they are becoming more confident as prices fall. Their reactions often precede market trends, and such behavior is viewed as a confidence indicator.

On the other hand, a different story is also unfolding—those massive Bitcoin hoarders, the old whales, are starting to slowly reduce their holdings. Their selling pressure could continue to suppress the upward movement in the short term.

The result is: the market is now stuck in a standoff between "mid-sized players buying the dip against large holders slowly offloading," and volatility will likely persist.

For retail investors, the key is not to get dizzy from short-term swings.

For those optimistic about the long-term, consider following the mid-sized players' approach: buy in stages during pullbacks, avoid going all-in greedily; keep some ammo in reserve, don’t put everything in at once; and most importantly, stay calm—many people lose money not because of wrong directions but because their emotions break down.

That's how the market works: some sell at a loss, others build positions. Your perspective and the price points you choose to deploy at will determine your future gains. Stay patient, stick to your strategy, and time will ultimately reward those who remain clear-headed and steadfast.