Buddhist-style selling, the 'coin selling holiday' of OG in 2013 continues
OG is selling, but don't panic! Understand the signals behind the on-chain data
Brothers, good afternoon! I just noticed some on-chain data while watching the market, and I have to talk to you about it.
That ancient whale who accumulated 5,000 bitcoins at an average price of $332 in 2013 transferred another 500 coins to Binance yesterday. Adding the 1,000 coins from last week, this OG has sold 1,500 coins in just one week. Many people might feel a jolt upon seeing this news, could it mean that 'the big player has run away, and it's all coming crashing down'?
Don't rush, as a trading teacher, what I want to tell you today is exactly the opposite—this level of orderly selling actually indicates that the market is far from a crazy peak.
Look closely, this is a big player who has been holding for over ten years, and their cost is almost negligible. They didn't choose to dump all at once but instead transferred gently into exchanges in batches of 1,000 and 500 coins. What does this indicate? It shows they are 'elegantly retreating', not panicking and fleeing. If they were bearish on the market, there would be no need for such 'gradual withdrawal'; a big bearish candle would be much easier for them.
The real peaks often have no periods of silence with selling pressure. The continuous selling from this old OG is essentially helping the market digest potential 'bearish' forces. They sell their low-priced chips while we follow our trend.
As long as there is no 'massive sell-off of ten thousand coins in a single day' on-chain, short-term turnover is actually healthy. My strategy is very clear: do not chase highs, but when it tests key support levels, we should still buy. Don't get dizzy from the daily operations of the whales; keep a close eye on your positions and stop-losses, this wave of market movement is not over yet!
Follow the teacher, see through the on-chain data, and don't become a panicked leek! #特朗普希望尽快结束对伊朗战争 #BTC行情 #热门话题