#ETH巨鲸扩大持仓 What are the smart money players doing after the market bloodbath?

$BTC Recently dropped below $90,000, hitting a low of 80,600 at one point. $ETH A single-day plummet of 10%, with panic spreading. But interestingly—the more it drops, the more active those large on-chain addresses become.

Retail investors weren’t actually the main culprits behind this drop. US-listed companies and traditional funds were forced to liquidate their digital assets due to stock price pressure and risk controls being triggered. Yet, in the midst of the heaviest selling, there was news that Tether moved $1 billion from its reserves to buy BTC. The timing of whale entries often speaks louder than the candlestick charts.

The divergence during the pullback is worth noting. Ethereum has retraced more than 60% from its high, while certain token ecosystems are showing surprising resilience—their on-chain activity is actually increasing, and there are rumors of major partnerships to be announced next week. This kind of divergence may indicate that funds are being reallocated.

My personal take? This round of the crash has pushed prices to a delicate spot. If you believe the cycle isn’t over yet, averaging in is more sensible than going all in at once. I’ve already started placing grid orders and increased my buying weight at several key support levels. After all, history tells us—when most people are panicking, that’s often when opportunities appear. Of course, whether the bull market continues is still uncertain; this is just my personal hypothesis based on current data.

What do you think? Is this adjustment a deep pit or a trap? All-in at the bottom, or enter in batches?