昨天刚整理了孙哥的BTC持仓历年链路，今天孙哥质押在Merlin 梅林的大饼就异动了！
图1——总计2000枚，价值1.16亿美金的大饼，刚刚被孙哥分仓转移到两个新地址
图2——这批质押到梅林的BTC溯源
图3、4 孙哥BTC链路的总结（整条链路太长了,就不搬运了大家看个结果就好😓) 

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Yesterday, I just sorted out the historical chain of Sungge's BTC holdings, and today the big BTC cake that Sungge pledged to Merlin has become active!
Image 1 - A total of 2,000 BTC, worth $116 million, has just been transferred by Sungge to two new addresses.
Image 2 - The tracing of the BTC pledged to Merlin.
Image 3, 4 Summary of Sungge's BTC chain (the entire chain is too long, so I won't copy it, just look at the result 😓).

Bitcoin's fundamentals have never changed; what has changed is its price in a continuously depreciating fiat currency system.

The real risk of Bitcoin is never price pullbacks.

Author: Nancy, PANews
Original title: No Black Swan Events, Four Atypical Guesses About the Culprit Behind Bitcoin Overselling
---------------------------------------------------------------
A black swan-style crash has arrived, but we haven't seen where the black swan is, which is even more unsettling.
Almost without warning, Bitcoin suddenly plummeted, entering its third-largest oversold zone in history, causing both long positions to collapse and psychological barriers to fall. This has left the market perplexed...

The absence of black swan events suggests there may be other reasons for Bitcoin's current oversold condition.

Bitcoin has risen over the $70,000 threshold, giving markets hope that the market meltdown may be coming to a close. Since the end of January 2026, the largest cryptocurrency by market cap has continu...

Bitcoin Reclaims $70K as Experts Signal a BTC Bottom

想到查到孙哥的BTC持仓，是因为昨天他分两批向bn存入总计1000枚btc，就想看看他的btc来源和成本🤣🤣 

I thought of checking Sun's BTC holdings because he deposited a total of 1,000 BTC into BN in two batches yesterday, so I wanted to see his BTC source and cost🤣🤣

蓝标是孙哥的吸筹点位，红标是派发，交易大师！！！ 

The blue mark is Sun Ge’s accumulation point, and the red mark is the distribution point, trading master!!!