On-chain interpretation first rejects a common misconception: without verifiable address, inflow/outflow, and holding-label data, don’t treat a "whale screenshot" as a signal. Today’s more reliable public data is the divergence at the trading level: BTC and ETH are weakening, while BNB remains relatively resilient; total market capitalization is about $2.70 trillion, with 24-hour trading volume around $90.18 billion. The Fear & Greed Index remains at 73 (Greed), indicating sentiment has not yet fully cleared. Strategically, wait until large-address data and price direction align before increasing positions.