小林加密

Brothers, something big has happened! The market fear index has just sounded the highest level alarm! According to the latest data from Deribit, the 30-day option Delta skew for Bitcoin (puts - calls) has skyrocketed to 12% overnight, directly setting the highest panic level in over four months! What does this mean? Normally, this indicator only fluctuates between -6% and +6%. Once it breaks 10%, it means the market has entered 'extreme fear' mode, with institutions and big players frantically buying puts to hedge risks, while retail investors are panic selling! But remember — history always has a striking resemblance: On April 7th of this year, this indicator also soared to 13%, and what happened? Bitcoin violently surged 40% in the following month, from $74,500 all the way to $104,150! Is this script going to repeat itself?

Whale A: Purchased 300 coins (approximately $20 million) in a 5-hour flash buy, accumulating 1521 coins over the past month, averaging 50 coins per day, comparable to a small ETF.
Whale B: Purchased 466 coins in 10 days, with the latest single transaction of 210 coins (approximately $14 million) directly dumped into the wallet without hesitation.
Such operations are by no means coincidental: looking back at Q3 2023, when whales accumulated over 1000 BTC in a single week, the subsequent 6 months saw an increase of over 120%.
Current accumulation cost is concentrated in the $60,000-$70,000 range, indicating that large funds view this area as a strategic bottom.
Whale movements are a barometer, but ordinary investors should consider: where is their stop-loss line? Click to follow, and in the next issue, we'll analyze whale on-chain stop-loss signals.