The on-chain data from the past week is quite interesting—big players have made significant moves, accumulating a total of 220,000 ETH, which is roughly $6.6 billion at current prices. The market atmosphere is quite polarized right now; some are afraid of missing out, some are still on the sidelines, and others are gradually building positions during this wave. Honestly, at times like these, everyone’s choices can be justified by their own logic. Whales are acting, retail investors are hesitating, and all of this reflects the market’s process of finding a balance point. Whether driven by fear or by entering the market, it seems to be what this cycle is supposed to entail.