The cryptocurrency trendsetter has started selling Bitcoin!

According to on-chain data, Sun Yuchen transferred 200 million USD worth of Bitcoin to Binance, which is definitely for selling rather than leveraging.

It's important to note that when Bitcoin was around 20,000 to 30,000, he had plenty of time to buy or leverage, so it's unlikely he would leverage at a high price now. Therefore, his transfer of 68,124,499,843 to Binance can only mean he is selling! However, from the known addresses, it appears that Brother Sun has only sold some Bitcoin and has yet to sell 13,502,728,247, probably waiting for an upgrade before proceeding!

Coincidentally, the whale Spoofy, holding 6 billion, has once again started to reduce his position by 10% after a few days. For this whale, he feels that the current price is a good selling point! His consistent style is to "sell in batches at highs" rather than aiming for a precise top.

Last November, he began reducing his position when Bitcoin was at 90,000 and ultimately sold everything around 105,000. This time is similar; although his selling does not mean the market has peaked, it usually indicates that we are not far from the top.

Based on past experience, after the slowdown of mainstream coins, altcoins often make one last push to reach a final high—this market trend may be following a similar rhythm. In simple terms, his selling is a trend indicator, not the definitive sound of a hammer, but it is already a warning bell. How much have you seen in this wave?

32,848,707,059 remains hot, recently a dark horse has emerged, the hero dog of the understanding king C o n a n 04597384843, narrative is full, a team of thousands continues to push, consensus is strong, and the two coins he previously promoted both saw over a hundredfold increase! 7696359717581517644997625105218899101937413875921829611