Recently, market sentiment has clearly shifted towards optimism. From the holdings trends of the whales, the dominance of long positions held by these large investors indicates that they maintain a bullish outlook on Bitcoin's future. Behind the real money going long is a reflection of professional funds' confidence in the price rally.

This increase in long positions by large funds directly reduces the circulating supply in the market, providing support for the price from a supply and demand perspective. More interestingly, compared to the bottom holdings level in April last year, the current whale's long position strength is noticeably stronger. This not only indicates a higher recognition of the current bottom as a good entry point but also reveals a greater expectation for subsequent upward potential. The recent performance of $BTC and $ETH also confirms this optimistic capital outlook.