Wu Jihan Fully Liquidates Bitcoin: Crypto Market Alarm Sounds, Black Swan May Be Approaching

Recently, a major news broke in the crypto world: Wu Jihan's mining company Bitdeer has liquidated all of its Bitcoin holdings, selling even the 189.8 BTC mined this week, with a total net outflow of over 943 BTC. As an early Bitcoin evangelist and founder of Bitmain, Wu Jihan's move is far from a simple "take profit" action.

Many people's first reaction was: Did he know some insider information in advance?

Historically, Wu Jihan has been far more sensitive to crypto market cycles than most. During the 2018 bear market and the 2021 "519" mining crackdown, he made key strategic moves ahead of time. This time, fully liquidating all BTC seems like an extreme preemptive measure against future risks—not just a short-term correction, but the possibility of a "black swan" event capable of triggering a crash.

1. What does this move mean for the crypto market?

1. Confidence Level: Signal of Top Players Retreating
Wu Jihan is a "veteran fox" in the crypto space. His liquidation will directly impact the sentiment of institutions and large investors. When the most knowledgeable about mining and Bitcoin itself choose to exit, panic sentiment can spread rapidly. Retail investors may follow suit and sell off, leverage positions could be liquidated en masse, leading to a stampede-like decline.

2. Capital Level: Large-Scale Mining Capital Withdrawal
Bitdeer is a leading publicly listed mining company. Liquidating BTC means mining funds are pulling out of the crypto space and shifting to new sectors like AI and HPC. Mining is the "fundamental" of Bitcoin; outflow of core capital will directly weaken BTC's liquidity and price support.

3. Chain Reaction: Altcoins Will Crash First
Bitcoin is the "safe haven" in the crypto world. Once BTC plunges, Ethereum, mainstream altcoins, and meme coins will fall even harder. History has repeatedly shown: a 30% drop in BTC usually halves altcoins; a 50% BTC decline can wipe out small tokens entirely.

2. The current crypto market has reached a critical risk point

Besides Wu Jihan's liquidation, multiple risks are stacking up:

- Global macro tightening, Fed rate hike expectations reignited;
- Trump announced increased global tariffs, market risk aversion intensifies;
- Bitcoin has retreated from its all-time high, with significant pressure from trapped and leveraged positions;
- On-chain data shows whales are continuously selling off, retail investors are struggling to absorb the sell-off.

The current crypto market is like standing on the edge of a cliff—any minor negative news could trigger a collapse.

3. Urgent Reminder for All Crypto Participants

Based on the above signals, my personal judgment is: the probability of a major crash in the crypto market within the next 1–3 months is extremely high, and a black swan event could happen at any time.

If you still hold cryptocurrencies, I recommend immediately reducing your positions or even liquidating all assets, including Bitcoin. Do not hold onto illusions of "bottom-fishing" or "rebound"—in the face of systemic risk, any attempt to buy the dip is like walking into a flying blade.

Important disclaimer: The above is solely my personal market observation and analysis, not investment advice. Cryptocurrency investments carry extremely high risks; proceed with caution and bear your own gains and losses.

Finally, I want to say: the crypto world has never been a "sit back and earn" paradise, but a "high risk, high reward" battlefield. When top players are fleeing, ordinary investors must protect their principal—only by surviving can you wait for the next bull market.