Bitcoin New Whale Movements: This Round of Decline is Not a 'Complete Compromise'
Recently, an interesting phenomenon has appeared on the blockchain: some large Bitcoin addresses have experienced floating losses or even stop-losses during the price decline, but overall, it does not resemble the obvious 'surrender-type selling' seen in the past. In other words, this time, the adjustments by whale-level funds are more like structural rebalancing rather than complete liquidation.
In previous rounds of decline, we often saw large holders directly stop-loss and exit when key support levels were breached, forming what is known as 'whale compromise.' However, the data from this round indicates that while some whales have begun to realize floating losses, more are simply taking partial profits and adjusting positions rather than exiting entirely. This behavior reflects two points: first, these large holders still have patience regarding future prices, and second, they are utilizing the oscillating structure to optimize their holdings rather than simply cutting losses and fleeing.
From a trading behavior perspective, this deep adjustment is healthier than mere panic selling. The market is not collapsing out of disappointment; it is continuously testing support and rebuilding confidence. This aligns with the current flows of funds, trading volume, and participation of mainstream capital — liquidity has not completely dried up; it is just more cautious and structured.
In short, this round of whale actions does not resemble desperate selling; rather, it is more like large holders actively adjusting their positions in a volatile market. This behavior may extend the oscillation period in the short term, but from a mid-term perspective, it indicates that market participants are positioning for the next phase rather than giving up while waiting.
For us, understanding this funding behavior is more important than simply looking at prices. After all, bear markets and oscillations are different phases, and this round feels more like a confidence repair within oscillation rather than a downward compromise.
#比特币流动性 #加密市场观察 $BTC
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