The flow of funds after large-scale cashing out has always been a focus of market attention. If, after cashing out gains related to the Manus ecosystem, this money will flow back into the Bitcoin market for increased positions is a question that actually reflects changes in institutional and large investor risk appetite. Historically, cyclical profit-taking often triggers reallocation of funds between stable assets and risk assets. Bitcoin, as a representative of risk assets, has always been a key target for large-scale fund redeployment. To assess this trend, one needs to pay attention to on-chain signals—such as the movements of major wallet addresses, large inflows and outflows on exchanges, etc. These data often reflect the next step of fund flow ahead of market expectations.