#数字资产市场动态 Retail investors cut losses while whales scoop up bargains

Recently, I’ve been monitoring on-chain data and found an interesting move. A large account sold nearly 800,000 UNI at the $5.33 level five days ago, netting $4.26 million. Fast forward to today, after a market dip, they bought back 757,000 UNI at the $4.83 level, spending only $3.66 million.

With the same amount of tokens, they spent $600,000 less in the two operations — this detail is very important.

This isn’t a panic liquidation or a run-away scenario. After selling, they just wait there, not going far. When the market panics and prices drop, they immediately buy the dip. Their actions are swift, decisive, as if they had pre-planned the timing. This is a classic example of wave-based cost averaging — selling at highs, buying at lows, using the same capital to leverage more tokens, further lowering the average cost.

What does this tell us? With such large funds and bold moves, daring to re-enter during market panic, it’s definitely not just for a short-term rebound. The real goal is to accumulate cheap tokens in this price range, laying the foundation for the next market move.

On-chain data never lies; it records real money decisions. Every time the market hits a bottom, retail investors tend to sell in fear at a loss, while smart money quietly accumulates. History repeatedly proves this logic.

So there’s no need to be overly nervous. This whale’s move offers valuable insight — at least it shows that big funds still believe in this range. The rebound energy is building at the bottom, so don’t be too quick to turn bearish.