$ZEREBRO Last night, an address 0x3f2a directly transferred 4.5 million tokens to an exchange, worth $164k. Before this transaction, the address had just obtained unlocked allocation tokens. Meanwhile, another whale, 0x8b7c, cumulatively sold off 1.2 million tokens within 24 hours at an average price of 0.038, taking a loss of more than 8% and exiting in a stop-loss cut. Glassnode data shows that exchange net inflows surged by 230% in the past 4 hours, while on-chain holdings concentration fell, indicating big players are actively distributing.

Price dropped 21% over the past 24 hours, with trading volume nearing $18 million, but order-book depth for buy orders has basically been smashed through. If the 0.035 level holds, a short-term rebound may be possible, but the whale’s sell-pressure momentum is still there. The more likely scenario is a dip to 0.032 and even 0.03. In terms of strategy, don’t rush to buy the dip while you’re in cash—wait for a volume expansion + stop-the-fall signal. If you’re already in the position, 0.032 is the hard stop-loss line; cut the position by half if your exposure is over 15% to manage liquidity risk. Take-profit is set at 0.04—if it rebounds to here, profit-taking orders will most likely flood in.

The market sentiment is weak now; on-chain anomalies indicate large capital is moving out—this isn’t a time to talk about conviction. What is the smart money doing? When they see large transfers to exchanges, they’re actually buying puts or going short directly. Going long at this point is no different from catching a falling knife. If you want to follow on-chain monitoring, I update anomaly addresses every day—follow me so you don’t get left behind.