🐋 In the past hour, on-chain whale movements: bulls retreating, bears revealing their hand

In the last 60 minutes, savvy large holders are voting with their feet. Multiple large on-chain transactions have been monitored, showing a clear signal of “mainly selling to close longs, some whales openly switching to short.”

Here are some key records summarized (unit: USD ten thousand):

1. Bullish closing wave (selling to close longs)

· BTC: 3452.73, 302.63, 228.98, 202.51, 175.88, 121.95, 120.22……
· ETH: 654.92
· ICP: 131.56

Just these few BTC/ETH/ICP long closures have totaled over $53 million. This is not scattered cancellations but collective profit-taking or stop-loss exits.

2. Directly flipping to short (selling to open short positions)

· BTC: 1125.71, 1111.9, 139.07
· ETH: 99.63

Three BTC short positions alone exceed $23.7 million, combined with million-dollar ETH shorts, some previously bullish large holders have no hesitation in switching sides.

3. Sporadic “struggling” long entries

· BTC: 2175.71, 200.45, 161.76, 119.87, 113.25, 101.05
· SOL: 284.87
· HYPE: 102.94

Although about $32.6 million worth of longs are still attempting to enter, compared to the volume of closing longs and opening shorts, they are clearly overwhelmed. Especially the $21.75 million BTC long, which looks more like an attempt to catch a falling knife.

📌 Summary
In the past hour, net selling by on-chain whales overwhelmingly dominates. More concerning is the dense appearance of “selling to open short” records that are no longer hidden, with single transactions easily exceeding $10 million.
Market sentiment is undergoing a fundamental shift: from “adding longs on dips” to “rebounding and setting up shorts.” Short-term traders, please buckle up.

$BTC