Laith Al-Daraji

The giant whale dark battle appears at the checkpoint! These signals on the Binance chain hide the password for the future market!!

Just finished brushing through the Binance on-chain data, and I felt a chill on my back—during this round of BTC market, the operations of the giant whales are simply like taking an "open book exam"; if ordinary players don’t pay attention now, it will be too late!

First, look at the most explosive piece: that "fossil-level giant whale" that has been dormant for 14 years is moving again, just transferred $4.7 billion worth of BTC into a new wallet at the end of October. It’s important to know that this guy’s chip cost was only $0.78-3.37, and now at a high position, combined with Galaxy Digital immediately transferring 6,000 BTC to Binance and Bybit, this signal is really too obvious. Even more interesting is that another small giant whale also transferred $123 million worth of BTC, and its position has multiplied more than ten times in 6 years; is this a collective wave operation?

But don’t just focus on the "selling signal"; another group of giant whales is playing a more ruthless hedging strategy. A mysterious address just swept $9.15 million WBTC at an average price of $62,000, and then opened a 5x leveraged short on BTC and ETH on GMX. Simply put, it’s using the spot WBTC as a base to bear risks and relying on leverage to profit from price differences; this operation can actually be mirrored in Binance's leveraged area—after all, the price difference between WBTC and BTC can occasionally reach 0.5%, and seizing the right opportunity means guaranteed profit.

Even more exciting is the derivatives battlefield. The "1011 insider giant whale" directly deposited $30 million USDC in HyperLiquid and opened a 10x leveraged short on BTC. Now, BTC is stuck at the crucial level of $122,000, and the liquidation line for this $30 million short position is at $150,000; is the giant whale betting on a correction? In contrast, the data from Binance's perpetual contracts shows that the long-short ratio dropped to 1.02 yesterday, clearly indicating that big players are adjusting their positions.

Three key points:

1. Keep a close eye on Binance's large withdrawal/deposit data; there has been a net inflow of over 10,000 BTC in the last 48 hours, and selling pressure signals should be taken seriously.

2. If you want to follow the giant whale's moves, you can watch the on-chain transfers of WBTC; if large unlocks occur, it might be an arbitrage opportunity.

3. Even giant whales are using spot to hedge risks, ordinary players should control their positions even more.

Now the market is like the "chess game" of giant whales, but on-chain data never lies. What unusual movements have you seen on Binance? Let’s discuss in the comments section; we will draw 3 fans to give away on-chain data monitoring toolkits! #巨鲸动向