$MERL On-chain abnormal signals have appeared! Is anyone watching?
I just saw a suspicious operation: a whale directly transferred 16 million MERL to the exchange. This scale is clearly not a normal operation.
The key now is that we are close to the unlocking period in December. Logically, one should either hold the coins and wait or increase their position, yet the big players are transferring coins to the exchange in advance. The motivation is quite clear, right? The big players are running, indicating a lack of confidence in the subsequent trend.
Currently, the selling pressure seems to be increasing, and if these 16 million coins start to be sold slowly, the price of 0.2 is likely to be hard to maintain. Once the coins unlocked in December are dumped, combined with the current looseness on-chain, a bearish market might arrive earlier.
Don't just focus on the K-line; pay more attention to on-chain data and the inflow situation at exchanges.
Follow Xian Ge's operations, and he will help you recover your losses.
