This big shot actually transferred 24,000 BTC to Binance in one go, which is worth a staggering 4 billion dollars at the current market price! What’s even more chilling is that he did not choose a limit sell order, which at least could provide some buffer for the market and form price resistance. Instead, he directly pressed the market sell order button - this means dumping without regard for cost, all at once!
This seemingly simple operation is like a heavy bomb thrown into the market. The BTC price plummeted in response, dropping 5000 points in a short time, catching countless investors off guard. The chain reaction in the market was even more brutal: within just 10 minutes, positions worth 300 million dollars were forcibly liquidated; and in the subsequent 4 hours, the total liquidation amount approached 400 million dollars, with many people's funds turning to ashes in this sudden storm.
But this is not the most terrifying part. According to on-chain data, this 'fire sale expert' has as many as 152,000 BTC lying in his wallet, worth up to 17 billion dollars, and these BTC have not yet been deposited into any exchange.
It's like a 'time bomb' hanging over all the bulls' heads! You have to know that this time he was just testing the waters, and it triggered such violent market fluctuations. If one day he is in a bad mood, or has other ideas, and once again waves his hand to press the market sell order button, the consequences would be unimaginable.
So, dear bull friends, now is really not the time to be careless. You must be fully alert and set up stop-loss orders; this is the most crucial step to protect your funds right now. No one knows when this giant whale will act again; all we can do is be fully prepared and not let ourselves become victims in the next wave of liquidation!
