#Strategy加仓BTC $BTC $DASH $AXS

🔥A 12-year sleeping giant whale suddenly moves, selling 500 BTC at once for $260 million—yet this time, the market didn't drop much?

On January 18, 2026, the main character of this story is an old-school player. Twelve years ago, he accumulated 5,000 BTC at a cost of $332 each. Now, he is gradually selling 2,500 BTC in batches. It wasn't until Bitcoin broke through $100,000 that he initiated this "steady and gradual" reduction, leaving 2,500 BTC in his account.

🚨What is truly astonishing is not the whale selling off, but that the sell-off didn't cause a market crash. What's the logic behind this?

One word: institutions. Roles like Bitcoin spot ETFs, market makers, and OTC networks have already built a strong buffer. Data shows that a leading fund's holdings have reached 800,000 BTC, easily absorbing the selling pressure from the giant whale. Similar scenarios occurred in July 2025—Satoshi-era whales gradually liquidated 80,000 BTC, which only caused a brief dip in prices.

❗️Even more interesting is the on-chain data performance. Over the past 30 days, more than 815,000 BTC classified as "long-term holdings" (those that haven't moved for years) have been transferred. Old players are accelerating their cash-out, ETFs repeatedly show outflows, yet the entire market remains strangely stable.

Analysts' comments are straightforward: "This is not panic; it's orderly asset allocation." More deeply, this round isn't just old whales selling off unilaterally, but rather old whales selling to new whales. When a generation of giant whales completes their cash-out and exits, it's not a market crash—it's a signal that the power is officially shifting to the institutional era.