Yi Li Hua's move is simply a "nuclear-level" warning. 630,000 ETH, 1.3 billion US dollars directly deposited and withdrawn from Binance, this can no longer be called unloading; this is about draining the pool!
We are still fantasizing in the group that ETH can return to 3000, while the big whales are already preparing to "take the bucket and run". Don't believe the nonsense about ETF benefits; on-chain data is the true mirror.
However, if Bitcoin really collapses, the funds must have a destination. Right now, I'm actually looking at @Dusk .
In this environment where regulation is getting stricter and big players want to escape, public chains that focus on privacy compliance (ZK+RWA) are in high demand.
When ETH turns into a "big dumb elephant", something like @Dusk that can do compliant privacy business might just be the dark horse of the next cycle.