Recently, someone compiled an interesting set of data—the asset allocation movements of a top whale investor over the past two months. This major player's trading strategy is quite representative: around the end of October, he spent $30 million to buy 264.8 WBTC, with an average price of approximately $113,000. Honestly, this trade is a bit painful now, with an unrealized loss of $5.7 million. But from another perspective, he's also playing a different game. Since early October, this guy has been gradually entering the precious metals sector with $12.42 million, acquiring 2,371.4 XAUt and 559.7 PAXG, at an average price of about $4,239. Not bad so far, with an unrealized profit of $410,000. This trading combination actually illustrates a clear point—during the same period, the market performance of mainstream cryptocurrencies and precious metal tokens diverged significantly. When whales do this, it's mostly to hedge risks and also reflects market participants' differing expectations for various sectors.