🔍 On-chain Observation: Whales collectively close positions, market shifts to "wait-and-see mode"

Since last night until now, on-chain whale activity has been frequent, but the direction is very consistent—mainly closing positions, very few opening new ones.

Whether it’s BTC or ETH, both bulls and bears are actively closing their positions:

· Selling to close longs, buying to close shorts appear alternately
· Major whales on both sides are reducing positions simultaneously, not betting unilaterally

This is not a retreat by one side, but both sides are reducing risk exposure. Whales’ uncertainty about the future market is visibly increasing.

📉 Meanwhile, today’s Fear and Greed Index has dropped to 39, officially entering the “Fear” zone. Compared to yesterday (Neutral 46) and last week (Fear 25), market sentiment is clearly becoming more cautious.

🧘 Current recommendation:
For those who haven’t opened positions yet, don’t rush to enter the market. Let the market establish a clear trend first. Whales are waiting, and there’s no need for us to jump the gun.

Patience sometimes is the best trading strategy.
$ETH