Old money shipment During the Satoshi era, miners transferred 2650 BTC, equivalent to approximately $203 million, to FalconX and Cumberland, leaving behind 6000 BTC (approximately $462 million) - less than 30% of the total shipments, more like reducing inventory in batches rather than clearing inventory. At almost the same time, two other wallets that had been dormant for over a year deposited 1650 BTC (approximately $127 million) into FalconX. In total, the OTC side absorbed approximately $330 million in selling pressure in a short period of time. The ETH side is also not quiet: a giant whale sold a total of 35000 ETH in three days, cashing out $72.3 million, with an average price of about $2066 per coin. Major players on the chain are simultaneously releasing chips on BTC and ETH, with a continuous and no signs of slowing down selling pace. The risk of position concentration is shifting towards the market. The key variable lies in the chip structure: In the past six months, 50% of BTC trading volume has been concentrated in the range of $65138 to $76578, and the current price is just near the upper edge of the range, about 0.75% away from $76578. The logic of this position is simple: -The initial pressure reversal serves as support, and if we step back and hold on, the breakthrough is confirmed to be established; -If it falls back within the range, the upper bound market will exert pressure again. Old miners vote with their feet, and the market answers with prices. Control the pullback first, and then discuss profits.