0x_forever

Wow, this operation really left me stunned! A big player started crazily accumulating LINK from August 15, totaling 1.294 million pieces, and then transferred all of it to Coinbase five minutes ago, worth 30.08 million dollars.

I calculated that this guy's average withdrawal price from Binance was 23.69 dollars, and now the price he deposited is 23.25 dollars. Truly, after this operation, he will still incur a loss of 570,000 dollars, which is quite unfortunate.

To be honest, seeing such a big player’s actions makes me admire them. After hoarding LINK for so long, they still had to cut losses and exit. I don’t know if they are bearish on the market or have some other considerations. Anyway, the inflow and outflow of funds of this scale will definitely have an impact on the market.

At times like this, I think that the psychological pressure on big players should be quite significant. After all, with tens of millions of dollars in funds, even a slight fluctuation can lead to hundreds of thousands in gains or losses. However, then again, those who can handle such large amounts probably wouldn't care too much about this little loss.

Looking at this operation, it feels like a trend towards liquidation. I don’t know how LINK will move next, but I certainly don’t dare to chase high easily anymore. #coinbase

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