How to view on-chain data and those large holders?

This wave of sharp decline makes people feel that something is wrong, as if some major event is about to happen. Many people say that this drop is all because of a few words from Powell of the Federal Reserve. How can we blame him entirely? For those of us who have been in the crypto space for a long time, it's common to see adjustments at the end of the year. In trading, it's important to listen to the news, but more importantly, we need to look at the actual market conditions and think critically about the analysis.
On certain special days, the market tends to be particularly sensitive. Powell's words may just cause a slight tremor in the market, and it will soon pass. This adjustment, to put it bluntly, is simply because everyone was too greedy, and the market is making its own adjustments.
We can't just rely on guessing. Holding positions data, the movements of those large holders on-chain, and following the big players are essential to navigate the secondary market successfully.
Speaking of the future, with the new president taking office, it might bring a bunch of good policies to the market. Those altcoins might have room to develop now. Isn't this the major event we've been waiting for? The timing is just right.
Can we hit the bottom now? I have to say, smart people always leave some room for maneuver at critical times. If you don’t want to take a big fall, don’t engage in those risky games. As the big brother in the crypto space says: I won't act recklessly, I'll stay steady, and as long as I catch a big trend, I will be satisfied. We should still proceed steadily and prepare to embrace changes in the market.