Whale strikes again: cashes out 1.97 million while continuing to heavily accumulate

On-chain monitoring shows that a certain OTC whale address (0xFB7) deposited 1,000 cbBTC (about $74.02 million) into Coinbase, realizing a profit of approximately $1.97 million this time.
But more importantly, this is not a "full exit":

Still holding 2,000 cbBTC (about $149.6 million)

And also holding about 133.2k ETH (about $31.62 million)

This type of operation is essentially a typical "partial cash-out + retain position." Some profits are locked in, while some are still betting on the future market, avoiding exposing oneself entirely to single-direction risk.
From a capital management perspective, big funds never bet on a single side but control the rhythm through position management: cashing out some when prices rise, keeping chips to respond when prices fall.
In the crypto market, true experts don't win on every trade but always leave room for maneuver.
Making money is just the result; controlling risk is the real skill.
Those who can enter and exit at will are the ones qualified to stay at the table long-term.