According to @ai_9684xtpa, a BSC whale who concentrated into Chinese memecoins eight days ago has a total cost basis of $5.601M and now shows a 56.5% drawdown with $3.167M in unrealized losses, based on the disclosed position summary and on-chain wallet view source: @ai_9684xtpa on X, Oct 16, 2025; debot.ai address bsc/0x2fcfd3aa4ba87c6aa14c9928c17f6aa3652224fa. The largest loser is Binance Life with a $2.32M paper loss, while Hakimi is cited as the only position currently above water source: @ai_9684xtpa on X, Oct 16, 2025; debot.ai address bsc/0x2fcfd3aa4ba87c6aa14c9928c17f6aa3652224fa. Except for GIGGEL, the other six meme positions have not been reduced, indicating the address remains largely untrimmed across its holdings source: @ai_9684xtpa on X, Oct 16, 2025; debot.ai address bsc/0x2fcfd3aa4ba87c6aa14c9928c17f6aa3652224fa. The post notes it is sponsored by Gate Exchange, which is disclosed in the same source thread source: @ai_9684xtpa on X, Oct 16, 2025.

According to @alistairmilne, despite Michael Saylor’s ongoing Bitcoin accumulation, the market is not reaching new all-time highs due to widespread capitulation among retail investors who suffered losses in memecoins and lower-quality altcoins. This persistent selling from retail is counteracting institutional buying, resulting in a consolidation phase where only dedicated Bitcoin maximalists and strong holders remain. Traders should monitor on-chain metrics for signs of retail exhaustion and accumulation patterns, as these could signal a future breakout once weak hands have fully exited (Source: Alistair Milne on Twitter, May 18, 2025).