The massive whale that has been dormant for seven full years suddenly splashed today. The scene is too familiar—it’s almost exactly the same as last summer’s batch of ancient relics that “woke up from the ancient times.” Every time this level of “old money” rolls over, the market has to tremble with it.

Honestly, with the current chart, sentiment is already iced beyond ice—fear is nearly breaking through the floor. This whale suddenly dumped nearly 3,000 coins into exchanges in one go. Anyone can tell what it is: either locking in profits from a high spot, or shuffling positions internally. But no matter which it is, at its core it’s big capital distributing supply. The thin buy pressure from prospective buyers isn’t even enough to fill a gap.

In a weak market like this, any “support levels” and “psychological thresholds” are just paper-thin. Big money keeps draining the blood out of the market, and the chart is as fragile as glass. My view is straightforward: whoever rushes in to bottom-fish in the short term is the one going to fill the pit. This whale’s sell-off is just the appetizer. After that, there’s a high chance a whole crowd of big players will follow and race for the exits. Once panic trading gets triggered, that’s when it turns into real, live action.

With sentiment already this bad, the bottom can’t be reached in one step. I think this wave of selling pressure still needs to digest for several more months, and the real bottom is still waiting below. As for trading, there’s only one line: if your hands are itchy, cut them off; if you’re red-eyed, close your eyes. Just wait patiently for the market to stabilize on its own before doing anything. Entering now is simply asking for yourself to be miserable. #美伊战争阴云再起