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#美SEC促进加密资产创新监管框架 $MERL Recently, there have been noteworthy abnormal signals in on-chain activity.
An important observation: a major wallet address has recently transferred 16 million MERL to an exchange, which is an unusual volume compared to typical daily liquidity. Considering that the unlocking period is approaching in December, large holders usually either choose to hold and wait or take the opportunity to increase their positions. Instead, the logic behind transferring such a large amount to an exchange in advance is worth considering—it may indicate that the holder has adjusted their expectations for the near-term price action.
From an on-chain perspective, selling pressure is indeed slowly accumulating. If these 16 million MERL enter the market in batches, the key support at the current price of 0.2 could come under pressure. With the additional supply potential from the December unlocking period and several weakening signals appearing on-chain, the risk of bearish sentiment heating up in the short term is increasing.
Instead of simply tracking candlestick movements, it’s better to pay more attention to the real flow of on-chain data—exchange inflows, wallet balance changes, and whale movements—since these are often early warnings before a real price reversal.
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Unlocking the surge combined with big whales fleeing, I've seen this rhythm before. Last time, I even lost two months’ worth of salary.
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On-chain data is the real truth; candlestick charts are just fooling around. Just wait and see the big show in December.
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Wow, this rhythm is basically a stress test for 0.2. Retail investors, buckle up and stay safe.
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The speed at which big whales transfer coins to exchanges is more decisive than my own decision to cut losses. Truly cowardly.
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On-chain data doesn’t lie. If 0.2 can’t hold, we’ll have to look lower.
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Pressure mounts as soon as the December unlock period arrives, panic.
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What’s scary is the movement of those silent wallets; candlesticks can deceive, but on-chain data tells the truth.
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Wait, did someone know something in advance this time?
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You’ve got to keep an eye on this kind of accumulated selling pressure, don’t get trapped.
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No wonder bearish sentiment has been so strong lately, so that’s what’s going on.
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Top wallets moving to exchanges = planning to sell? The logic checks out.
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This 0.2 price level doesn’t feel like it can hold much longer.
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Watching wallet addresses is better than looking at candlesticks—this is true.
What are the whales thinking? On-chain data is the most honest
The 0.2 support is indeed on shaky ground, the December unlock is still hanging over us
Better to watch wallets than K-lines, need to be more careful this time
Everyone is dumping coins on exchanges, and I'm still hesitating whether to buy or not
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December unlock period + whales dumping, this pace is really a bit of a test
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On-chain data speaks, K-lines are just noise, gotta believe it this time
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The moves these top wallets are making are really outrageous, the whales’ real intentions are all written on-chain
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Breaking 0.2 is the real highlight, anything said now is too early
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The talk about sell pressure building up is on point, let’s wait and watch the December show
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Don’t chase K-lines, track the flows—I like this approach, way better than just spamming
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What’s 16 million mean here, is this dumping or what? Kind of don’t get it
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Whales sending to exchanges = shorting warm-up? The logic needs to hold up
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No matter how good the SEC framework is, it can't block the real on-chain flows, right?
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If the 0.2 support doesn't hold, the December unlock period could bring a bloodbath.
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On-chain data looks a bit cold, need to keep a close eye on this wave.
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Whales transferring to exchanges in advance, nine times out of ten they're planning to run.
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Looks like they're about to start dumping on retail again, damn.
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People talk about sell pressure building up every month, but this time the data is actually interesting.
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Uh, my position is in danger now.
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Why do whales always run first and retail ends up holding the bag...
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0.2 is about to break, might as well go all-in on shorts.
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On-chain alerts usually don't lie, this time it's a bit tight.