Staring at the holdings page, the red and green numbers flicker before my eyes. The discussions in the group are becoming increasingly anxious—"Is the bull market about to end?" "Should I cut my losses?" But I didn't rush to make a decision; instead, I took a closer look at the on-chain data.

Having been in the circle for these years, I've experienced many storms. This recent correction seems fierce, but judging by the real actions of the whales, the story is far from as pessimistic as it appears on the surface.

In the past month, Bitcoin has repeatedly fluctuated around $80,000-$90,000, while altcoins generally retraced 15%-40%. Many people are thus feeling uneasy, but the major players controlling the funds are engaged in a different show. They see this volatility as a grand buying spree.

On-chain data is as clear as can be: XRP has become the most popular target for whales, with two major types of addresses inflowing over $2.4 billion. The classic public chain ADA also shows rare signs of whale rotation and buying. Leading DeFi tokens UNI and AAVE are being heavily accumulated.

The most intriguing aspect is the activity of Bitcoin whales. This week, over 29,000 transactions were recorded, with individual transactions each worth over $1 million. The total number of trades exceeding $100,000 in the entire market approaches 1,029,000. What do these numbers represent? Real money is being deployed, not panic spreading.