Who is crashing Bitcoin in this wave of plummeting prices? In reality, the market has been played to death by veteran players!

Recently, there has been a huge stir in the cryptocurrency market! Many fans have asked Sister Shisan what is going on, so today I will clarify things for everyone:

A group of veteran players who entered the market in 2011 have started to operate wildly. The Bitcoins they bought back then for $10 each are now being sold off directly in bulk—18,142 coins, equivalent to about $2 billion. They have also dumped 416,000 Ethereum, worth about $2.6 billion, while locking some of the money away to earn interest. This operation directly caused Bitcoin to plummet 2.2% within 9 minutes, wiping out a market cap of $45 billion!

Even more astonishing is that these veterans started moving 24,000 Bitcoins from cold wallets to exchanges on August 16, hedging by going long on Ethereum while arbitraging $185 million in a single transaction. Now they hold as much as 551,000 Ethereum. This isn’t exiting the market; it’s clearly switching tracks to continue playing!

There was a major misconception in the market: it was thought that those zombie wallets that hadn’t moved in five years had already lost their keys, but it turns out they’ve been far from idle! Now, these Bitcoins, which cost $10, are being liquidated en masse, and for every one sold, there must be $110,000 of new funds to take it over—this is certainly beyond what the current market can withstand! Even more shocking is that these people haven’t left the crypto space; they’ve merely shifted their funds from Bitcoin to the Ethereum ecosystem. This kind of changing the soup but not the medicine operation is quietly altering the flow of funds in the entire market.

To be honest, these veteran players are incredibly savvy! With Bitcoin dropping so sharply, Ethereum has managed to attract capital like crazy with a 220% increase. Now even other major players are following suit, with 670 Bitcoins worth $76 million being sold off just like that, all poured into Ethereum.

This isn’t investment; it’s clearly signaling to everyone: the rules of the cryptocurrency world are about to change! If you’re always uncertain, you can follow Sister Shisan’s lead; the winning streak of the team continues. Brothers who want to keep up with the Shen Dan strategy and learn the methods, @链上十三姨 is waiting for you here.