A 14-year-old Whale continues to sell off BTC, should the crypto world shake three times?


Recently, the crypto world has been flooded with news about the "BTC old Whale"! The Whale that hasn't moved for 14 years has been continuously transferring and selling BTC. Here’s a brief summary of the key information to remind everyone:
Core Trends
Whale continuously offloading: first transferred 9999 BTC (worth 1.19 billion), account remaining 20,000 coins; then transferred 40192 coins (worth 4.77 billion), suspected to continue selling.
The "deep-sea bomb" that has been lurking for 14 years: these BTC are "ancient chips" from around 2011, held by whales at low cost, and now they are massively moving their positions, equivalent to dumping a "massive selling pressure" into the market.
Impact on the market
Short-term: Whale sell-offs will trigger panic, increasing risk-averse sentiment, and the BTC price is likely to plummet. Contract players need to be careful of liquidation.
Long-term: The actions of the old whale liquidating their holdings are individual behaviors, but they can shake market confidence, leading institutions and retail investors to sell in a follow-the-leader manner, potentially worsening the bearish market atmosphere.
How should ordinary players respond?
Spot traders: Don't panic! Whale sell-offs are a short-term impact. Hold on to quality coins, and after the drop, it will be an opportunity to buy low (provided you can withstand the volatility).
Contract Party: Short positions can be played with small positions, but don't go heavy! The selling rhythm of the Whale is difficult to predict, and a rebound harvesting may occur at any time.
Watch-and-wait party: wait for the selling wave to pass, look for BTC stabilization signals, and then enter the market more safely.

(Old Whale selling off like a "gray rhino", short-term risks are high, controlling position size is the most important!)
#BTC# #比特币巨鲸动向#
BTC0.72%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)