Is the main capital still there? How will BTC's market trend develop later? Analyze whether the BTC whales have exited based on the situation of the main capital's accumulation. 1. From April 7 to April 22, the main accumulation zone saw a net inflow of nearly 4B. The actual spending by the main capital might be between 4-8B. 2. By May 6, most of the floating profit long positions had been closed, but the net accumulated long positions were still around 3850m. This indicates that the funds accumulated by the main capital before April 23 are still holding steady and have not been sold. Previous posts have repeatedly emphasized that the main capital has not exited, and the market is still intact. 3. On May 12, contract funds reached a peak of 6.6B and then started to pull back. Retail investors and smaller institutions were mostly taking profits. 4. In the past few days, the market continues to fluctuate. If contract funds remain around 4B without further reduction, it indicates that those who needed to exit have already done so, and the main capital continues to hold. After 1-2 weeks of adjustment, there is likely to be another rally, similar to the situation at the lowest point on May 6. Conclusion: There is a high probability that the main capital is still present. After sufficient adjustment, the outlook remains bullish, and holding coins can be done with confidence. For now, further fluctuations and adjustments are needed. It is best to observe for a few more days to ensure greater certainty.