2819 high sold 3000 YFI into Coinbase, whale dumped $8 million 4 hours ago. Is this pump being bought by retail or a whale's shakeout? Whale 0x7a3d...9f2e precisely reduced positions above 2800, on-chain shows it only accumulated at 1900 low last month, cost base at least 42% profit. Large transfer concentration is abnormal, with 12 transfers of over 100 YFI in the past 24 hours, total selling pressure accounting for 37% of trading volume.

Glassnode data: Exchange net inflow surged 21%, but open interest dropped 8%, indicating longs are deleveraging. Short-term resistance at 2850, if unable to hold, a pullback to 2530 is likely.

What smart money is doing: Whales are taking profit in batches, but on-chain addresses holding less than 1 YFI are actually adding. Trading suggestion: At current price 2688, you can place a 5% position short, stop loss at 2760, take profit at 2550. Don't bet against the trend; watching K-lines is not as good as watching on-chain.