Analysts comment on the large transfer from Satoshi Nakamoto era whales to Galaxy Digital: For retail investors, the new high of BTC and the direct pullback in depth may also be an opportunity.

Gate News Bot message, regarding today's Satoshi Nakamoto era whale large transfer of BTC, crypto researcher AB Kuai.Dong posted on X: "I took a look, the ancient Bitcoin whale brother has already transferred 16,800 BTC to Galaxy Digital's OTC Trading platform, and these BTC may also be picked up by institutional OTC. Now this brother still has 71,000 Bitcoins, worth 8.3 billion (USD)."

Assuming he plans to sell all his Bitcoins, the scale should be far greater than the 49,000 Bitcoins sold by the German government last June, when the market fluctuated by 20%. Ancient miner whales are still transferring to Galaxy Digital, suspected of doing so through OTC trading. This urgency feels a bit like trying to manipulate the market? 80,000 BTC, in less than 2 hours, has dwindled to 61,000. The last time the German government sold, it took at least a month to sell slowly. One can't help but suspect market manipulation.

In response, on-chain analyst Ai Yi commented: "I have a slightly different view on this. Logic and intuition are usually contrary: for this fossil hand, a one-time sell-off and gradually dumping are actually similar; the German government lengthening the selling line will still continue to push the price down under unfavorable conditions, which instead allows institutions and retail investors to short, and ultimately the average selling price will definitely be much lower than the market price."

For him, it is simple and straightforward to take a big hit in one go, while for retail investors, a direct deep correction from a new high might also be an opportunity.