Since yesterday, this bull market has somewhat reverted to the classic bull market of the past. After the pie rose at 123,000 and retraced to 116,000, the rapid rebound of Ether led a wave of gains, and the ETH/BTC exchange rate rebounded by 7%. The market was filled with news that the giant whale position reduction agency entered the market to take over. The data shows that at present, there are a number of whale wallets with large-amount transfer arbitrage leaving the market, and there are institutional special funds such as BlackRock (2 million), Abraxas, Sharplink (280,000), etc., participating as institutions, and the market capital structure is changing. If the current trend stabilizes and the pie continues to rebound, the Ether may sprint towards the 3200-3500 stack zone.