Recently, staying focused on the market charts, I’ve been increasingly sensing a different kind of atmosphere. After being in this circle for a long time, I’ve come to understand one principle—market movements often quietly start while most people are still hesitating. Looking at the recent strategies with BTC and ETH, there’s definitely something to it.

**Fundamentals Are Speaking**

BTC has been bouncing around the $90,000 mark, seemingly testing investors’ patience. But if you dig into on-chain data, the story is completely different. While there is short-term capital inflow and outflow in the ETF sector, what are the major addresses really doing? They are quietly accumulating. These top institutions haven’t stopped—they buy more on dips, with some holdings already below current prices—obviously, someone is front-loading their positions.

This kind of “quiet accumulation for big gains” is just smart money laying out the groundwork. The perceived liquidity crunch in the market actually becomes the best tool for shakeouts. If macro conditions loosen—say, the Federal Reserve changes its stance—these well-prepared funds could suddenly unleash, pushing the market into a breakout.

**Dislocation Between Technicals and Sentiment**

Recently, BTC tested the 200-day moving average, even dropping close to 86,000. But interestingly, every time it neared a breakdown, it was pulled back—showing that the buying support at the bottom is quite strong. The options market is heating up now, with more bullish voices emerging. This is a key signal—it’s likely to force short-sellers to cover, giving the price a push in the opposite direction.

For ETH and privacy tokens, the underlying logic is the same. As long as the main market momentum remains intact, rotation will continue. Instead of obsessing over short-term fluctuations, it’s better to focus on these deeper capital signals.