Recently looked at some on-chain data and want to discuss the market structure of $1000RATS.

To put it simply — the current signals are leaning bullish.

Direction: Bullish
Suggestion: Watch or go long
Risk level: High

How do I analyze the data? I approach it from the perspective of whale holdings. The large holders on the bullish side hold assets worth up to 4.81M, while the bears only hold 0.61M. The difference is quite obvious. In terms of quantity, there are only 14 bullish whales and 19 bearish whales, but in terms of size, the bullish side is clearly controlled by large funds, while the bearish side looks like retail investors struggling to hold on.

This raises a question — who holds the market influence? The answer is very clear.

Of course, this is just one perspective. The market is much more complex, and I welcome other viewpoints.