Is the bull market gate really about to open?

Recently, a detail worth deep reflection has emerged. Tonight, a large transfer of 1,000 BTC (worth over $70 million) moved from a major custodial institution to a private address. This is no small move—every whale transfer could hint at the market’s next direction.

Even more interesting is a developing phenomenon: Bitcoin spot reserves on mainstream exchanges have reached historic lows. Imagine what this means—large amounts of Bitcoin are being taken off the "ready-to-trade" status. Some choose to hold privately, others move into long-term cold wallets. Supply is tightening.

History shows that every major market rally doesn’t happen out of nowhere. Its arrival is always gradual: first,敏entive capital begins to quietly accumulate, on-chain transfer activity increases; then, exchange available coins start to become "scarce." As easily accessible Bitcoin becomes fewer and fewer, even a slight increase in demand can cause significant price swings. This process is like winding up a spring—pressing it little by little, the final rebound can be as fierce as the tension built.

Data never lies. The simultaneous decline in whale transfers and exchange reserves has always been a pre-signal of market sentiment shifting from dormancy to explosion. The last time such a combination appeared, do you remember what happened next?

Will history repeat itself? Or is this time truly different? Do you feel the market’s agitation? Feel free to share your thoughts below.