#ETH走势分析 Liquidity shift—the market has already started pricing it in.

On-chain data from the past two weeks tells the story clearly—BTC whales have accumulated over 80,000 coins, and exchange reserves have dropped to a five-year low. This collective move to lock up coins signals that smart money is betting on the direction.

If you look back at October 2019, the on-chain characteristics right before the Fed's policy pivot were almost identical to now. What happened next? In March 2020, once the liquidity floodgates opened, the crypto market entered its wildest bull run.

I've reiterated this point since last November: in this market, liquidity is the most solid technical indicator. Now that the Fed's stance is clear, and with potential policy shifts from a new administration next year, this isn't just a rebound—it's more like a new starting point for asset repricing driven by liquidity.

As for specific moves? Ignore short-term volatility, keep holding your core BTC and $ETH positions. For outsized returns, look for opportunities in high-volatility ecosystems like Solana and Ton.

When a macro inflection point appears, “doing nothing” can actually be the most aggressive strategy. Follow the logic, don't let emotions sway you.

The bull market is already underway—most people are just waiting for the candlestick chart to give a signal.