‘Analyzing the motives of the whales is pointless; tracking their ‘muscle memory’ is the real survival rule.’ The data is brutally straightforward. The entire network radar has once again locked onto the source of FHE selling pressure. A few hours ago, he withdrew another 6.735 million FHE from the multi-signature vault. Two weeks ago, he took out 10 million FHE and ruthlessly dumped it straight into Bitget’s deposit address. Today, he’s armed with a second batch of ammo worth over $100K. There’s absolutely no reason to believe that a cash-out machine would suddenly stop and start doing charity. Veterans, when facing this kind of unlocked position with an extremely bad ‘dumping track record,’ the real test is whether you’re clinging to the hope of ‘what if he doesn’t dump,’ or decisively executing risk control and retreating?