#大户持仓动态 $ETH On-chain Chips Running Low, Bullish Signals Frequently Appear

【Exchange Supply Depleted】
ETH holdings on exchanges have fallen to the lowest level since 2016. What does a nine-year low mean? Selling pressure is disappearing. Short sellers trying to dump are even running out of chips, clearly showing the strength of the bottom support.

【Sovereign Capital Enters for Buying】
The government of Bhutan officially pledged 320 ETH, equivalent to over $900,000. This is not retail FOMO; it’s real money backed by government credit. When sovereign funds are positioning themselves, what does it indicate? A consensus on the market bottom is forming.

【Major Investors Increasing Positions Clearly】
Whale account "1011" holds over 200,000 ETH, despite an unrealized loss of $69.42 million, it continues to add to its position. What is behind this contrarian behavior? The true judgment of large funds on the market’s future.

From tight on-chain supply, government capital entering, to major investors steadfastly increasing positions, multiple data points point in the same direction. The bottom pattern of ETH is gradually taking shape, and the prelude to a major upward wave has already begun. How do you view the current market rhythm?