Stop staring at the Federal Reserve! The real culprit behind Bitcoin's crash is those who were once the most steadfast 'believers'—the long-term holding whales who are secretly 'harvesting' and fleeing! The data doesn't lie: compared to the beginning of 2023, there are at least 1.6 million fewer Bitcoins that have not moved for at least two years, worth about 140 billion dollars; just in 2025, nearly 300 billion dollars of 'sleeping Bitcoins' will re-enter the circulating market.
As an analyst, I must remind you: these 'ancient giant whales' who have held their coins for more than two years are not ordinary retail investors; they are the 'stabilizing force' in the crypto market. Their exit directly undermines the core narrative of Bitcoin as a 'store of value'—even the most optimistic Bitcoin holders are selling; do you still think this thing can be held long-term?
The heartbreaking thing is that there is currently no one in the market to take over. The ETF that was previously frantically accumulating is now starting to see net outflows; retail investors have long lost their previous enthusiasm, and new funds are hesitant to enter the market. The head of Ergonia's research said the current market is a "slow decline," but I think he is understating it; this is clearly a "frog in boiling water"—the spot market continues to sell off, and buying pressure can't keep up. This kind of decline is scarier than leveraged liquidation because there is simply no chance to rebound.
Many fans ask me if it’s possible to buy the dip right now, and I clearly tell you: don’t touch it! The whales are all fleeing; if you go in, you're just the one taking over the position. I will continue to track the movements of the whales and compile it into a (whale position change manual). Follow me to receive it first hand; following the smart money will keep you from getting cut! If you currently feel helpless and confused about trading, and want to learn more about the cryptocurrency space and get cutting-edge news, follow me @标哥说币 #巨鲸动向 $BTC .
