Binance whales continue to sell, even as buy-side liquidity remains severely constrained. Since I first raised concerns about this trend on November 8, whale selling pressure has continued without showing signs of stopping. There are already multiple concerning warning signals emerging across the market. Things are already looking concerning, but I sincerely hope we don't see a repeat of this particular pattern from 2022. If this pattern repeats, I believe there is a high risk of a major event that could trigger significant market-wide disruption, rather than just another decline in Bitcoin's price.