ChainCatcher message, on-chain analyst Ali disclosed a noteworthy market dynamic. During the process of Bitcoin's price retracing from $99,000 to $90,000, large holders (commonly known as 'whales') seized the opportunity to buy over 10,000 Bitcoins. This move has drawn widespread attention in the market, as it may indicate the confidence of large holders in Bitcoin's future trend.

From on-chain data, this massive buying behavior could impact market liquidity, which in turn could affect price fluctuations. Although market sentiment is complex, such large transactions are often seen as potential signals of a market bottom, warranting close attention from investors.