#以太坊投资机会 Seeing a net outflow of 69,300 ETH from CEXs in 24 hours, with Coinbase Pro alone outflowing 72,900 ETH, the information behind these numbers is worth pondering.

I used to be scared by such large movements, thinking they signaled something significant. It was only later that I realized the key isn’t the outflow itself, but where the funds are going. Bybit only received a little over 2,000 ETH, so where did the more than 70,000 ETH from Coinbase Pro go? They are accumulated in personal wallets.

I’ve seen this pattern countless times—institutions and big players increasing their holdings concentration on mainstream exchanges often indicate two possibilities: one, they are genuinely optimistic about the market and building positions; two, they are preparing for a certain anticipated price movement. But these aren’t what I care about most.

What’s truly worth cautioning against is being misled into chasing rallies based on these data. In my early years, I fell countless times for the story of "big funds are deploying," only to realize I was just taking over others’ chips. The opportunity for ETH definitely exists, but it will never be wise to rush in just because a positive piece of news appears.

The biggest lesson I’ve learned in years of investing is to learn patience—wait until you truly understand the trend, wait until your risk management is in place, then participate. Data can lie, but your losing accounts never will.