Trader 0xSun published an analysis stating that an increasing number of major domestic and international traders are choosing to "retire" their main wallets and switch to smaller or new wallets, mainly for two reasons:
First, the pressure from copy trading is too great. Once the main wallet buys in, the price is driven up by various copy trading bots, causing the expected increase to be reached instantly upon purchase. This leaves no room for subsequent operations, and selling is easily criticized by public opinion, while holding faces selling pressure.
Second, to avoid being attacked by conspiracy theories, such as the emotional burden brought about by false speculations like "insider information," "joint harvesting," and "small account selling."
0xSun believes that although this trend can reduce trading pressure, it also weakens on-chain transparency, creating more opportunities for muddying the waters in the market, which may have a negative impact on the overall environment. [Odaily Planet Daily]