Analyzing the Impact of Ancient Whale's Transfer of Bitcoin on BTC Prices through Data Analysis Regarding the suspected sale of Bitcoin and the ancient giant whale, which is also considered one of the driving forces behind the BTC price drop during Asian time on Tuesday, how much of the BTC actually sold? From the Bitcoin data transferred to the exchange, it can be seen that after the price of BTC broke through $115000, the number of investors who had been selling in small amounts before began to increase. It can be clearly seen that the BTC data transferred to the exchange has increased significantly, from an average of 30000 BTC per day to 50000 BTC per day. That is to say, before the reaction of the ancient giant whale, the selling had already increased because the rise of BTC exceeded the expectations of many investors. After the news of the ancient giant whale selling, the actual stock transferred to the exchange increased by more than 3000. This also indicates that even if the ancient giant whale reduced its holdings, the main way was not through selling on the exchange. And from the data of withdrawals from the exchange, it can also be seen that the withdrawal volume has not increased due to the increase in selling in. This is also what we have been explaining. Maintaining BTC price stability is not about a significant increase in purchasing power, but about a decrease in investor selling. Once investors' selling increases without an equivalent increase in purchasing power, it will be difficult for BTC prices to achieve stability. From further net traffic data from the exchange, it can be seen that as of 8am Beijing time, there were over 13000 newly transferred BTC stuck in the exchange, which are the chips that have not been digested by the "excess" transfers. More BTC transferred into the exchange indicates that more BTC want to leave. Although the backlog of BTC does not necessarily mean that the price will fall, if there is negative information, it may lead to centralized selling, and the recent 24-hour transfer of whales and the failure to pass the stablecoin bill are both triggers for selling. In the morning, the information that Trump and the members who voted against the voting were reversed again after communicating with each other, so investors began to play the game that the voting would be passed in the early morning of tomorrow, so the price rebounded. However, from the detailed data, we did not find that the stock of the exchange had a significant downward trend, probably because the liquidity of the Asian time zone was still very low, a small amount of buying increased the price, and selling was decreasing. As of now, the stock of BTC on the exchange has increased by 18000 compared to last week's low point and has not yet been digested. This part of BTC is likely to start leaving after waiting for the price to stabilize. For BTC, which was held in ancient times, its impact on BTC prices should be relatively limited, mainly due to investors' panic mentality. This article is sponsored by Bitget | @ Bitgetzh