This Bitcoin plunge is no simple matter—on-chain data has revealed that the big players are collectively dumping:
A compliant platform liquidated 5,675 BTC, a leading exchange dumped 4,000, Strategy sold 3,823, Fidelity offloaded 3,288, and Wintermute also sold 1,793...
The total dump exceeded $2 billion in a short period, and sell orders are still piling up. On the long side, $420 million has already been liquidated.
This is clearly an organized profit-taking operation. Entering the market to catch the falling knife now? I’m honestly pretty nervous!
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
18 Likes
Reward
18
7
Repost
Share
Comment
0/400
AirdropHarvester
· 4h ago
A $2 billion dump? Fidelity and these institutions are really something else. Good thing I got out early.
View OriginalReply0
RegenRestorer
· 14h ago
They've already dumped $2 billion, and there are still people daring to buy in? Are they crazy?
View OriginalReply0
MoonRocketTeam
· 12-05 20:50
Damn, something feels off with this pace. Feels like the big whales are testing the bottom line.
---
A $2 billion dump, the booster has been forcibly shut down. Getting in now? Feels a bit early to me.
---
The on-chain data is so obvious and exposed, it's clear this wasn't retail investors selling spontaneously—this was organized and disciplined.
---
Wait, Fidelity is dumping too? That doesn't make sense. Why would institutions bail at this point?
---
$420 million in liquidations is probably just the beginning. There's more to come. Lying low for now is the smartest move.
---
Every time there's a big move like this, I want to catch the bottom, but I always get burned. Guess I've finally learned my lesson.
---
Don't panic, this is just the adjustment phase. Either go hard now or just watch from the sidelines—there's no in-between.
---
The data is right here. Who dares to say there are no whales? All we can hope is that in the end, they have to pick up their own bags.
View OriginalReply0
CryptoNomics
· 12-05 20:49
actually, let me stop you right there—your correlation matrix is fundamentally inverted here. large btc movements ≠ organized dumping without examining the endogenous variables. have you even looked at the stochastic processes governing these wallets? probably not.
Reply0
retroactive_airdrop
· 12-05 20:30
2 billion sell-off? There's no way retail investors can handle this, the big whales are being ruthless this time.
View OriginalReply0
BridgeNomad
· 12-05 20:24
ok so this is giving coordinated liquidation vibes but ngl the TVL migration patterns here scream artificial panic to me... seen this playbook before, usually precedes a flush trap tbh. those wallet movements? classic counter-party risk cascade. fidelity dumping that much usually means something broke behind the scenes, not just "whale getting spooked" energy
Reply0
PhantomMiner
· 12-05 20:22
This sell-off is really brutal. Looking at the data, I'm starting to question everything—is this harvest season for retail investors?
But wait, did Fidelity really bail out? That doesn't seem right. These institutions don't usually act this crazy, do they?
Oh man, $2 billion in scale—how could my small position possibly withstand this... Forget it, I'll just wait and see.
I'm really too scared to bottom-fish right now, feels like there's more downside to come.
The pace is just too fierce, feels like the loom has stopped spinning.
This Bitcoin plunge is no simple matter—on-chain data has revealed that the big players are collectively dumping:
A compliant platform liquidated 5,675 BTC, a leading exchange dumped 4,000, Strategy sold 3,823, Fidelity offloaded 3,288, and Wintermute also sold 1,793...
The total dump exceeded $2 billion in a short period, and sell orders are still piling up. On the long side, $420 million has already been liquidated.
This is clearly an organized profit-taking operation. Entering the market to catch the falling knife now? I’m honestly pretty nervous!