#数字资产市场动态 Recently, the cryptocurrency market has experienced a significant upward trend, and the driving forces behind it are worth pondering. According to on-chain data, several leading exchanges have concentrated large-scale Bitcoin purchases in the short term — one major exchange bought 27,371 BTC, a compliant platform followed with 22,892 BTC, while Kraken, Bitfinex, and others also invested in 3,508 BTC and 3,000 BTC respectively. Besides the exchanges' operations, whale wallets are even more aggressive, with Insiders accounts purchasing 14,188 BTC in one go.

A quick calculation reveals the clue: the total amount of Bitcoin involved in this concentrated buying activity exceeds $6 billion, which is beyond the scale retail investors can manipulate. The simultaneous actions of so many institutions and large holders in a short period are hard to ignore as possibly being based on some consensus or coordination. From a liquidity perspective, a large influx of funds at once will inevitably push prices higher — which may explain why the market has been rising so aggressively recently.

Is it a coincidence or intentional? Market participants are well aware.