Viewed the top 5 addresses of Bitfrog, totaling 8.8% of the total holdings.

But no one knows if the same person holds multiple high-holdings addresses.

Just like the address with the highest holdings, the sales are always transferred to another address for selling…

It has been selling intermittently for the past two months, with the last sale being a week ago.

Of course, if I had over 400 Bitfrogs, I would also sell them in batches. I wouldn't aim for high prices, just for them to be sold when there is sufficient liquidity.

After all, these addresses really have almost no cost, maybe a few thousand or tens of thousands of U, MINT/purchase four or five hundred, now worth tens of millions of ¥.

The second address is really a true believer, buying consistently during this period in December, the most solid buyer and believer, thumbs up!

The third to fifth addresses also entered the market about eight or nine months ago, maybe through MINT or buying at a low price. I didn't look carefully, but they have not sold anything so far, also considered solid holders. But because they have almost no cost, they have become one of the biggest short positions.

But overall, the biggest short position in Bitfrog at the moment is the address with the highest holdings…

Currently holding 376, with 8 more transferred to another address for selling.

So, it's a bit difficult for it to rise.

If I were this big holder, I would sell at least below 200, and only consider stopping at 100-150…

But that's the market, newcomers buy into the advanced cognition of the early birds (smart money), and we newcomers can only follow the trend of Bitcoin and make wealth within a certain period.

In the end, just don't be the last bag holder, everyone is buying into their own cognition.

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