The topic of 'peeling the stock' has been quite popular these days.

I will share my thoughts.

First of all, 'peeling the stock' and secondary data analysis on the Bitcoin chain are part of the same logic.

Bitcoin is about short-term and long-term holders, CEX stock, miners, and other dimensions of information.

'Peeling the stock' looks at the address data of whale investors.

On-chain addresses show which are the main players and which are just large retail investors.

For example, if you buy 1 million USELESS at a position of 300 million dollars, are you a main player?

Definitely not.

Main players emphasize teamwork and a matrix approach. The characteristic of such addresses is that a group of addresses starts buying in batches during the very early price stage.

Remember, it’s not a one-time purchase; it’s about gradually buying in a specific price and time range.

When the price rises, you will find that most of the top 100 addresses are usually from main player matrices.

Basically, those who can manipulate the market sideways are all main players.

But don’t blindly trust the so-called 'peeling the stock.'

What concentrated chips in the front row are prepared to rally? I’m telling you, it’s all nonsense.

Will the main player tell you when they are pulling up the price? And once the hotspot shifts or Bitcoin crashes,

these main players will quickly take profits and retreat, and followers can only catch the big bearish candles.

Why does Ani have a rebound? In fact, you don’t even need to refer to the address data.

All hot coins, after a rapid washout, will at least have a doubling trend.

The strength of the rebound is highly correlated with the Bitcoin market and narrative.

If you don’t believe it, just look at all the hot golden dogs before.

How could the main players sell out completely on the first peak? At least, they would test the top 1 to 3 times and sell slowly to make sense.

Therefore, combining 'peeling the stock' with narrative is definitely correct.

But you can’t forcefully peel; be careful not to provoke the main players.