This ancient whale selling $BTC, I think besides improving their life, there might be two other reasons: 1. Some old OGs strictly follow the four-year cycle for buying and selling. Based on experience, this might be the early stage of a bear market. The whale probably has multiple addresses, and it just so happens that this time they sold from this particular address. That said, personally, I don’t think the four-year cycle will be as obvious as before. The recent drop is more about the issue of USD liquidity. 2. One point worth noting is $ZEC, the privacy version of $BTC. Since the FBI, CIA, and others are increasingly researching $BTC, it has basically lost its function as a private payment tool and is now just a digital gold narrative. So, some old-school cypherpunks are selling part of their $BTC to switch to the more private $ZEC. This is one of the reasons why $ZEC has been surging recently. I also bought an amount of $ZEC equal to my $BTC holdings a while ago, just as a form of insurance.