Just detected an interesting phenomenon: divergences in the movements of huge whales around the $80,000 mark for BTC.

From on-chain data, this morning’s early trading saw a few familiar whale addresses begin to slightly add positions near the low of $78,202, with each transfer ranging between 200-500 BTC. These addresses had already taken positions in the $75,000–$78,000 range before, and now it appears they’re continuing to ramp up.
More notably, the perpetual contract funding rate has stayed at a mildly negative figure of -0.0004%, indicating that bears have a slight edge, but this number is actually quite mild. Combined with the Fear and Greed Index just sitting at the neutral level of 50, overall market sentiment remains quite restrained, with no obvious FOMO or panic.
Judging by exchange fund flows, today’s trading volume of 1.862 billion USDT is at a moderate level, but the price managed to rebound from the lows back to around $80,887, suggesting that the sell-side has been met with fairly solid buying support. Several major institutional wallet addresses have not shown large-scale outflows; instead, there are signs of adding at key support levels.
This current sideways consolidation near $80,000 looks more like large capital is testing market depth. A 3.69% intraday swing for BTC is relatively mild, and this kind of calm often signals the prelude to changes on a larger scale.
Continue to monitor the movements of a few core whale addresses, especially those older addresses holding more than 10,000 BTC.