[Analysis: Bitcoin Whales Continue Accumulating, Market Sentiment Stabilizes] On-chain data analyst Murphy stated that during the rapid decline in Bitcoin prices from October 6 to October 11, the whale cohort continued accumulating, exhibiting a 'buy-the-dip' trend. The pace of capital outflow was slower compared to previous instances, and some indicators showed minor 'bullish divergence.' Market sentiment has become more balanced compared to before, and the foundation of the bull market remains unchanged. The analysis pointed out that the impact of events similar to 'black swan' incidents on the market is gradually weakening, though short-term volatility remains uncertain. The content is for learning and discussion purposes only and does not constitute investment advice.