[Analysis: Current Market Investors Maintain a Cautious Wait-and-See Attitude, Future Trends Can Be Referenced from Whale Group Movements] BlockBeats news, September 16, on-chain data analyst Murphy stated that starting from September 11, all on-chain holding groups have been in a 'neutral state,' neither rapidly distributing nor accumulating significantly. During the period from August 29 to September 9, whale groups holding 1,000–10,000 BTC still maintained a certain degree of accumulation, but this pace has now gradually slowed down. This neutral behavior also reflects that current market sentiment is between optimism and anxiety, with more investors continuing to adopt a cautious wait-and-see attitude. Historically, similar data often appears when the market is at a turning point. Considering the situations in January and April of this year, it is recommended to reference the behavior of whale groups to assess the future trends of the crypto market.