Old whales have started moving en masse.
Profits and losses are being transferred together, with loss-making positions outnumbering winning ones.
This isn't profit-taking; it's a turnover.
On November 12th, a whale that had been dormant for about four years transferred 1000 BTC ($BTC ) to Binance within eight hours, worth approximately $73.78 million. In the past two weeks, old addresses have shown frequent activity: on November 2nd, an address dormant for six years transferred 999,953 BTC, worth approximately $78.12 million; on November 6th, another whale that had been dormant for a year withdrew 1286 BTC from Binance, worth approximately $76,230.
Within six days, their directional movements have clashed: some are withdrawing coins to buy at lower prices, while others are sending four-year-old holdings to exchanges. Binance has become a window for old coins to change hands.
Even more striking is this group: two holders with over a year of holdings transferred 1929.5 BTC, worth approximately $143.6 million, to exchanges four hours ago. Five years ago, 1,000 tokens bought for 46,700 yuan were transferred to Binance, yielding a profit of 27.73 million yuan; one year ago, 929.5 tokens bought for 107,125 yuan were transferred to Kraken, resulting in a loss of 30.36 million yuan. The cost difference is five times, one profitable and one loss-making, yet both flowed back to exchanges.
The key point is: the losses have exceeded the profits of the original positions, and Kraken was chosen. In June alone, 1,105 tokens were liquidated, resulting in a loss of 26.9 million yuan. The profit-taking inflows expected in 2025 have now turned into high-level loss-making resales.
#CPI高于预期，美股与BTC再度承压
Profits and losses are being transferred together, with loss-making positions outnumbering winning ones.
This isn't profit-taking; it's a turnover.
On November 12th, a whale that had been dormant for about four years transferred 1000 BTC ($BTC ) to Binance within eight hours, worth approximately $73.78 million. In the past two weeks, old addresses have shown frequent activity: on November 2nd, an address dormant for six years transferred 999,953 BTC, worth approximately $78.12 million; on November 6th, another whale that had been dormant for a year withdrew 1286 BTC from Binance, worth approximately $76,230.
Within six days, their directional movements have clashed: some are withdrawing coins to buy at lower prices, while others are sending four-year-old holdings to exchanges. Binance has become a window for old coins to change hands.
Even more striking is this group: two holders with over a year of holdings transferred 1929.5 BTC, worth approximately $143.6 million, to exchanges four hours ago. Five years ago, 1,000 tokens bought for 46,700 yuan were transferred to Binance, yielding a profit of 27.73 million yuan; one year ago, 929.5 tokens bought for 107,125 yuan were transferred to Kraken, resulting in a loss of 30.36 million yuan. The cost difference is five times, one profitable and one loss-making, yet both flowed back to exchanges.
The key point is: the losses have exceeded the profits of the original positions, and Kraken was chosen. In June alone, 1,105 tokens were liquidated, resulting in a loss of 26.9 million yuan. The profit-taking inflows expected in 2025 have now turned into high-level loss-making resales.
#CPI高于预期，美股与BTC再度承压
