A giant whale address that has been dormant for 8 years was activated today, transferring 400 Bitcoins to a major exchange. Based on the current price, the value is approximately $34.92 million. The movement of whale clearing is always a market indicator—whenever the bullish sentiment is strong, large holders begin to wake up one after another. What does this operation reflect? First, the impulse to take profits; second, different expectations for the future market. Similar on-chain signals tend to recur in each cycle, and those familiar with the market often monitor these large transfers to gauge market sentiment.