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Must Read! Whales are Retreating! As of 21:00, intensive selling has been ongoing, please all traders buckle up.
Recently, on-chain monitoring detected multiple large orders reducing or closing positions involving BTC, ETH, SOL, XRP, with a total scale exceeding $38 million, specifically including:
· BTC: Multiple "sell to close long" orders, with the largest single order reaching $11.84 million, total long position closures exceeding $28 million, and an additional $2.3745 million "sell to open short"
· ETH: "Buy to close short" $1.1785 million + "Buy to open long" $2.3414 million, later turned into "sell to close long" $1.2613 million
· SOL: "Buy to close short" $1.9349 million + "sell to open long" $1.1364 million
· XRP: "Sell to close long" $1.3807 million
Key signals:
1️⃣ Multiple whales are closing long positions simultaneously within the same time window (9:00 - now), especially evident in BTC
2️⃣ The volume of long position closures is large and spread across different tokens, indicating non-retail behavior
3️⃣ Some accounts have already shown "sell to open short," suggesting a possible complete shift in stance
👉 Attention traders: Large-scale long position closures by whales often signal a stage top, short-term selling pressure is being released. Be cautious about chasing highs; prioritize position management, and avoid being the last to catch the falling knife.
View volatility rationally, control leverage.
$BTC