This time, the "1011 insider giant whale" continues to increase its position in SOL, pushing the total holdings to 250,000 coins and the total market value exceeding 600 million dollars. For me, the most important thing is not "how much he bought," but the risk appetite and cycle intensity signals it reveals to the entire market.
Firstly, the fact that such a large amount of capital dares to repeatedly increase its position in the 130–140 dollar range indicates that it has a very clear judgment about the current macro environment and the large cycle of cryptocurrency—it's not a short-term game, but a real bet on a trend wave. Especially given that its ETH and BTC positions are similarly large, SOL is clearly the high elasticity part of its portfolio. This gives the market a very clear emotional anchor: it turns out there is smart money willing to heavily bet on the bulls at this position.
However, I also understand very well that this type of position is a double-edged sword. The whale's leverage is high, and the positions are concentrated; once the market experiences a rapid decline, it serves as both support and a source of risk. During an uptrend, it will become the driving force behind the scenes, but if it really drops below its cost zone, the forced liquidation chain may accelerate the decline. This risk is bearable for it, but for someone like me who only deals in spot, there is no need to gamble on such volatility.
Therefore, I will not follow the trend and accelerate just because the whale has a heavy position, nor will I treat it as a mindless bullish signal. What matters more to me is: the layout of this level of funds proves that the mid-term bullish structure of the current cryptocurrency market still exists, and the trends of BTC and ETH have not been damaged, with risk appetite still strong. It reinforces my judgment that "this round of the market is not over yet," but it will not change my steady and solid rhythm centered on BTC/ETH.
In summary, the whale's position is not an instruction for me, but a signal. It gives me more confidence to continue on my own path, rather than being led by market emotions.
$Sol #巨鲸动向
