On January 21, the crypto market analysis platform released data showing an interesting fund flow phenomenon after Bitcoin retreated to $89,400.

Specifically: large addresses holding between 100,000 and 1 million BTC increased their holdings by 36,322 BTC over the past 9 days, a growth of 0.27%. In stark contrast, small retail investors holding less than 0.01 BTC reduced their holdings by 132 BTC during the same period, a decrease of 0.28%.

What signals does this reveal? Market analysis indicates that whenever smart money is accumulating and retail investors are selling off, it is often the night before a breakout of the crypto asset. Setting aside geopolitical interference factors, this persistent fund flow pattern has already formed a typical long-term bullish divergence on the K-line—big players are accumulating at the bottom, while market panic still spreads. This imbalance in the game pattern has always been an important reference for market reversals.