PANews reported on May 10th that analyst Murphy released on-chain data on the X platform, indicating that retail addresses holding less than 1 BTC have accumulated 23,074 BTC in the past 30 days, completing three rounds of concentrated buying at the $66,000, $70,000, and $80,000 levels. Simultaneously, whales holding over 10,000 BTC began large-scale accumulation starting at $66,000, with a peak net increase of 140,699 BTC in the past 30 days, marking the largest single-round net increase in nearly two years, clearly signaling their entry into the market. Analysts believe that current investors have experienced multiple bull and bear market cycles, coupled with the continuous entry of whale funds, indicating that the overall market is moving towards a direction with less selling pressure and lower upward resistance.