$ZEREBRO Last night, an address 0x3f2a directly transferred 4.5 million tokens to an exchange, worth $164k. Before this transaction, the address had just received unlocked funds. At the same time, another whale, 0x8b7c, sold a cumulative 1.2 million tokens within 24 hours at an average price of 0.038, taking a loss of more than 8% and exiting after cutting. Glassnode data shows that net inflows to exchanges surged by 230% in the past 4 hours, while on-chain holdings concentration declined, indicating big holders are proactively distributing.

Price fell 21% in the last 24 hours, and trading volume is close to $18 million, but buy-side depth has basically been smashed through. If the 0.035 level is held, a short-term rebound is possible, but the whale sell-off momentum is still there. The more likely script is a dip to 0.032, or even 0.03. In terms of execution, don’t rush to bottom-fish while you’re in cash; wait for a volume expansion + stop-the-fall signal. If you’re already in the trade, 0.032 is a hard stop-loss line; for positions exceeding 15%, cut the position in half to manage liquidity risk. Take-profit is set at 0.04—if it rebounds to here, profit-taking orders will likely flood out.

Market sentiment is weak now; on-chain anomalies suggest large capital is moving out, not a time to talk about conviction. What are the smart money doing? When they see large transfers to exchanges, they instead buy puts or directly short. Going long here is no different from getting stabbed with a knife. If you want to keep up with on-chain monitoring, I update anomaly addresses every day—follow me so you don’t get left behind.