The on-chain data from January 18th is quite interesting. A large holder called "Brother Maji" has recently re-entered the market in the past 3 hours, adding to their ZEC long position with $246,000 worth of ZEC — bringing the average purchase price down from $415 to $411.29. However, this move is a bit risky; currently, this position is floating with a loss of $48,100.

Interestingly, this guy immediately took profits on HYPE and ETH. He’s the type who profits and then runs, with a good risk awareness. The entire account still holds long contracts in ETH, ZEC, and HYPE, with a total asset scale of about $45 million. ETH positions make up the majority — $34.87 million, with an unrealized profit of $862,000; HYPE has $8.43 million, with an unrealized profit of $130,000. Overall, the accumulated unrealized profit over the past week has exceeded $2.538 million.

Such on-chain fund movements often react ahead of market expectations and are worth close monitoring. #比特币2026年行情展望 $BTC $SOL