#数字货币市场洞察 I've recently noticed an interesting on-chain signal—the number of BTC transferred to exchanges by whale addresses holding more than 1K BTC has now averaged only about 1,700 coins. Looking back at historical records, this is already the lowest level since 2023.

In previous cyclical peaks, the amount whales dumped to exchanges was always above 5,000 coins, clearly cashing out at high levels. But the current situation is completely the opposite—the selling pressure from large holders has basically disappeared. Judging from their selling behavior, this smart money doesn't seem to have plans to offload for now, and the market may be brewing for new changes.

BTC-0.64%

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HypotheticalLiquidator

· 12-03 10:51

What does the number 1700 really indicate... The real issue is that the borrowing rate is still high. Although the liquidation price has increased, the risk of a domino effect still exists. Don't be blinded by the whales "buying the dip"—this is exactly when the risk management threshold is at its weakest.

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DegenGambler

· 12-03 10:33

Damn, even the whales are starting to accumulate coins. This is a sign that it's about to take off.

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YieldWhisperer