I tend to take this “a wallet that hasn’t moved in 10 years starting to move $40 million” as a slightly bearish warning, not that it’s a big thing that must crash. It’s just that this position is likely to spook people.
A lot of people, the moment they see an old wallet move, automatically start imagining “it’s going to the exchange.”
But this time, most of them haven’t even gone to a trading platform. So I actually find it more uncomfortable.
Those kinds of coins that have been sitting for 10 years—if someone really wanted to sell, they wouldn’t move so slowly and sluggishly.
Right now it feels more like testing, or setting things up in advance, with the market starting to script the storyline on its own.
$BTC is now at $77535, and in the last 24 hours it’s still down 2.79%.
What’s even more unpleasant is that contract volume is 11 times spot. It just looks very flimsy—like a whole room of people using leverage, staring each other down to see who blinks first.
I was just checking the charts with a face mask on, and the little bean was stepping on the edge of my keyboard—more calm than I am.😅
In a situation like this, I really don’t want to chase. Not up, and not in. I don’t even have the drive to bottom-fish.
My stance is very clear: wait and watch, and lean bearish.
Once those old coins start moving, people’s emotions tend to scatter easily. The market isn’t stable to begin with—don’t end up turning yourself into an emotional ATM.
I might be wrong, based on my own judgment. $BTC #Bitcoin
A lot of people, the moment they see an old wallet move, automatically start imagining “it’s going to the exchange.”
But this time, most of them haven’t even gone to a trading platform. So I actually find it more uncomfortable.
Those kinds of coins that have been sitting for 10 years—if someone really wanted to sell, they wouldn’t move so slowly and sluggishly.
Right now it feels more like testing, or setting things up in advance, with the market starting to script the storyline on its own.
$BTC is now at $77535, and in the last 24 hours it’s still down 2.79%.
What’s even more unpleasant is that contract volume is 11 times spot. It just looks very flimsy—like a whole room of people using leverage, staring each other down to see who blinks first.
I was just checking the charts with a face mask on, and the little bean was stepping on the edge of my keyboard—more calm than I am.😅
In a situation like this, I really don’t want to chase. Not up, and not in. I don’t even have the drive to bottom-fish.
My stance is very clear: wait and watch, and lean bearish.
Once those old coins start moving, people’s emotions tend to scatter easily. The market isn’t stable to begin with—don’t end up turning yourself into an emotional ATM.
I might be wrong, based on my own judgment. $BTC #Bitcoin