Recently, a whale transferred 1,485 Bitcoins (BTC) on the Binance Exchange, achieving a profit of more than US$50.13 million. This incident has attracted widespread attention from the market. Whale operation is often regarded as an important indicator of market sentiment and trends. The whale has withdrawn a total of 5,700 BTC in the past 11 months, with an average price of US$80,449. In the past two months, it has gradually reflowed BTC to Binance and finally sold it at an average price of US$89,244, demonstrating its successful trading strategy. Frequent trading behavior of whales may affect market liquidity, especially in the current market, where panic among retail investors may lead to intensifying price volatility. At the same time, other large institutions such as Cumberland are also conducting large-scale transactions, such as depositing 2,088 BTC into Coinbase, indicating that there are still signs of capital inflow in the market. This flow of funds may reflect an optimistic attitude of the institutions towards the market outlook, although the direct impact of whales' behavior on the market should still be paid attention to in the short term. Overall, whale's profit operations and other institutions' activities show that the market may gradually recover after experiencing short-term fluctuations, and the future trend may be upward. Investors should pay close attention to whales’ dynamics and overall market sentiment in order to make smarter investment decisions.