This morning, two ancient wallets from 2011 suddenly awakened after 14 years of silence, transferring 20,000 bitcoins worth 2 billion dollars. This is a potentially bearish message, and it is certainly not positive;

However, yesterday it was mentioned that the current holdings of bitcoins are in place for a volatile peak, but the premium and funding rate on exchange B are not quite aligned for a peak, so it is indeed a bit difficult to judge;

Moreover, the news of the awakening of the ancient whale with 20,000 bitcoins will soon ferment into common knowledge, leading to a collective panic. Even if this whale is genuinely looking to sell, it does not rule out the possibility of the market consolidating or continuing to fake breakouts at this position, only to crash after this panic is forgotten;

Therefore, the safer operation moving forward is to abandon long positions and gradually take profits, while waiting for clearer short signals to appear.