CoinMeta data: According to U.Today, since July, there has been a bullish reversal in the activities of Bitcoin whales, with a cumulative exchange of approximately 243,000 BTC over the past three months. Despite the continued volatility in the crypto market, the selling pressure from large holders has significantly weakened, and whales have begun to expand their holdings again. According to data provided by CryptoQuant, the one-year change indicator for whale holdings has approached the positive range, indicating that large Bitcoin holders are steadily increasing their Bitcoin holdings after a long period of distribution. Although this indicator is still negative, at around -39,000 BTC, it has significantly rebounded from the previous -282,000 BTC. If it can break through zero, it would mean that whale holdings have seen a net increase over the past year, further fueling the bullish momentum of the Bitcoin ecosystem.