Let's talk about some new trends about the ancient whale recently. Recently, this big player who has been silent for many years has started to transfer bitcoins to the exchange again. The amount is not small, and it is still ongoing. At the same time, there has been a clear outflow of bitcoins from multiple exchanges, which has made market sentiment nervous-everyone is worried that once the more than 40,000 bitcoins are sold in a concentrated manner, it will cause a significant pressure on the price.

What is really weird is that in the process of the ancient whale constantly transferring coins to the exchange, there was a transaction of more than 11,000 bitcoins that was withdrawn from the exchange. At the same time as the withdrawal, the on-chain data showed that a huge amount of cash of 2.7 billion US dollars was injected. This scene was the last time a similar scale of cash inflow occurred on November 6, 2023-that was just the prelude to the start of the market.

So the current situation is very confusing. On the one hand, the old whale transferred tens of thousands of bitcoins to the exchange in batches, with a very high-profile attitude, as if telling you "I want to sell"; on the other hand, it quietly withdrew more than 10,000 bitcoins, and also cooperated with the entry of historical funds. This is not a simple sell-off, but more like a carefully designed psychological warfare.

If you don't look at the data carefully, many people may be misled and think that it is the whales who are dumping the market, so they start to panic and sell their stocks. But from the perspective of the overall Bitcoin reserves of the exchange, it has actually dropped to a new low, which is intriguing: Are the big players really selling? Or are they creating panic and "scare" retail investors out of their chips at low prices?

Another possibility is not ruled out: this huge amount of cash comes from new large players, such as Wall Street capital, who want to take over when the old whales are out.

Of course, these are all my speculations, and no one can be 100% sure of the real situation. But one thing is certain - the answer is often hidden in the data on the chain.

Yesterday we also saw a whale buy more than 10,000 bitcoins at one time. At that time, we thought it was just an internal adjustment of the wallet. Now combined with today's withdrawal data, maybe they are really buying.

The current situation is that huge amounts of cash are pouring in, whales are transferring coins in a high-profile manner and withdrawing coins in a low-profile manner. I think it is more like using news to clean up the market.#比特币巨鲸动向