
▋Do you think the rises and falls in the crypto circle are all about luck?
At 3 AM, a certain whale account suddenly transferred 8,000 Bitcoins to an exchange, and two hours later, the entire network crashed by 230 million USD—this is not a movie plot but a real on-chain game that happened in the past three months. Veteran traders know that every transfer on the blockchain is a password that speaks, and those who can decrypt these signals have long treated the market like an ATM.
Today, we are going to talk about real on-chain wealth codes, not some mystical K-lines or smoke screens released by institutions. Get your pen and paper ready; here are three visible warning signals, now let’s begin.
❶ The whale's "Grocery Cart" suddenly starts moving.
Imagine you have a neighbor living in a villa who usually drives a Rolls Royce but suddenly rides a shared bike to the market one day—doesn't that seem suspicious? The same logic applies to the transfer behavior of on-chain whales. When an ancient wallet that has been dormant for over three years starts to move, or when the top ten holding addresses suddenly relocate to exchanges, it often indicates that the market is about to stage the famous scene of "whales flipping, retail traders rolling."
Last year, there was a classic case: an anonymous address split Bitcoin accumulated in 2016 into 37 small transactions, resulting in an 18% crash the next day. Remember this iron law: ancient whales never sell coins for pocket change; when they act, the exchange's servers need to increase bandwidth in advance.
❷ Miner's "Strike Notice"
The miner community is the most straightforward prophet in the crypto world. When they suddenly start charging exorbitant fees or hoarding the coins they mine without sending them to exchanges, that is a clear "strike notice". The principle is simple—miners know better than anyone the cost of electricity; if they feel that the current coin price is a loss, what do you think will happen next?
Conversely, if one day you find that a mining pool address is crazily dumping coins like throwing candy, don’t hesitate; quickly check your stop-loss orders. Those who pay for electricity with real money are much more honest than the influencers on Twitter.
❸ The exchange's "Water Level Warning Line".
Exchanges are like markets; when vendors (users) suddenly collectively store cabbage (cryptocurrency) in the market warehouse (exchange account), what does it indicate? Either everyone is in a hurry to clear space for new goods, or they sense rain coming and want to clear inventory quickly. This situation occurred in March at a second-tier exchange when USDT reserves surged by 40% in three days, followed by a textbook-level spike in prices.
Focus on three "Water Level Gauges": the supply of stablecoins (cash reserves in the market), the recharge speed of mainstream coins (the delivery frequency of vendors), and the lending rate (the fluctuation of booth rental deposits). When all three lines trigger an alarm, it is advisable to stop gambling immediately and tighten your shoelaces first.
▋Those who understand have already opened the blockchain explorer.
The beauty of on-chain data is that it cannot be fabricated by manipulators like news can, nor can it be randomly drawn like technical indicators. Each movement of those accounts that transfer eight-digit sums in USD is a genuine vote of real money.
Finally, here’s a reminder for everyone:
Whales retract their heads before flipping.
Miners need to keep their pockets tight during a strike.
Watch the flow of water in the exchange.
The ark is hidden in the password book.
Those who understand have already liked and followed, letting newbies continue to get lost in the noise. I am a proponent of first principles trading; see you next time!
(Note: This article does not constitute investment advice, the market is risky, and decisions should be made cautiously.)