#比特币价格走势 Seeing this on-chain data is quite interesting. Ancient whales repeatedly cash out when ETH breaks above $4000. The pattern of their exits from March to October essentially sketches out this year's ETH cyclical top — this logic is very valuable as a reference for following the trend.

Here's the key data: chips bought at a cost of $378 have repeatedly taken profits and exited between 2024 and 2025. After each exit, the price tends to hit a local top. What does this mean? Whales holding for over 5 years have a very strong desire to cash out. They won't wait for the last penny; once profits reach an acceptable range, they will start to take profits in batches.

My observation is that when following big players like this, two points need to be watched: First, cashing out at high levels doesn't necessarily mean the absolute top, but it is a clear signal of risk being released. At this point, consider adjusting your position size or reducing your follow amount; Second, the behavior of ancient chips often indicates a shift in the risk appetite of long-term holders, which is worth considering as a take-profit reference.

In practice, when you're following a master trader and suddenly see this level of profit-taking on-chain, the safest approach is to partially close positions to lock in profits and stay flexible — don’t hold on stubbornly just because you’re optimistic about the market. After all, every exit by big players is based on years of accumulated decision-making. Whether you listen or not is one thing, but ignoring it would definitely be unwise.