According to the latest monitoring data from the on-chain data platform, the scale of Bitcoin holdings by large addresses is accelerating its expansion. This wave of new large capital entries is significant, with many wallets accumulating substantial BTC positions in a short period, reaching new highs in holdings. This phenomenon usually indicates a shift in market participants' expectations for the future. Whale-level capital movements often serve as a barometer of market sentiment. When such large funds begin actively building positions, it often suggests they are preparing for the next wave of market trends. Recently, the fundamental narrative of Bitcoin has been continuously strengthening, from increased institutional recognition to technical performance, all sending positive signals across various dimensions. The resonance between capital flow and narrative is attracting more and more participants to join the coin hoarding camp.