Here are a few conclusions about the movements of Bitcoin whales:
1. Price Manipulation: Large transactions by whales can easily trigger short-term volatility, increasing risks during low liquidity periods.
2. On-chain Warnings: Pay attention to large deposits on exchanges and the activation of long-dormant addresses.
3. Institutional Dominance: Over 60% of whales are institutions, with a shift towards long-term allocations (such as ETF-related holdings).
4. Regulatory Game: Whales use offshore exchanges for hedging, and one must be wary of the impacts of tax/anti-money laundering policies.
5. Cycle Signals: Concentration of holdings decreases at the end of a bull market, while it rebounds at the bottom of a bear market; be cautious of divergences between holdings and prices.
Key Operations: Use on-chain tools to track real movements, cross-verify exchange data, and downplay short-term volatility.
Keep an eye on: BTC
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