#数字资产市场动态 Recently, interesting signals have appeared on the chain again. It is said that a major whale has been adding positions to go long at the nodes where ETH and HYPE are declining simultaneously—currently, the total holdings have surged to $25.2 million.

Specifically, this operation involved entering a long position of 8,000 ETH, with a liquidation line set at $2,875; on the HYPE side, it was more aggressive, with a single buy-in of 55,000 tokens. What does this reflect?

On-chain data provides the answer. Large ETH transfer activities have recently increased significantly, with several whale wallets continuously accumulating, indicating that institutional-level funds are quietly positioning at low levels. Meanwhile, HYPE's social media buzz is also fluctuating abnormally—24-hour topic heat has skyrocketed, and FOMO sentiment in the community has clearly intensified. When these signs are combined, they are unlikely to be mere coincidences.

From a trading logic perspective, sharp declines often hide institutional testing. When on-chain data shows large holders increasing their positions against the trend and community heat rises simultaneously, the bottom signals become quite clear. During such times, the probability of a short-term rebound is higher.

This wave of ETH and HYPE movement is a typical combination of panic selling and institutional bottom-fishing. If subsequent on-chain holdings data continues to increase, the rebound space should not be too small. $ETH