According to on-chain data, Sun Yuchen transferred 200 million US dollars worth of Bitcoin to Binance, which is definitely for selling rather than leveraging. It’s worth noting that when Bitcoin was at 20,000 to 30,000, he had plenty of time to buy or leverage, so it’s impossible for him to open leverage to chase the high at this moment. Therefore, this time when he transferred Bitcoin to Binance, it can only be for selling.

However, from the known addresses, it appears that Sun has only sold some Bitcoin and has not yet sold any Ethereum, probably waiting until the upgrade in two weeks to decide.

Coincidentally, the legendary whale Spoofy, who holds 6 billion, has started to reduce his position by 10% again after three days, indicating that he thinks the current price is a good selling opportunity. #币安Alpha上新 #加密市场反弹 #币圈 #比特币