Bitcoin Sees Possible Third Major Profit-Taking Wave Driven by New Whales Amid Market Fluctuations
Main Idea
Bitcoin's third major profit-taking wave in the 2025 bull run is driven by new whales realizing $6-$8 billion in gains as BTC surpassed $120,000, with old whales also selling significant holdings.
Key Points
1. New whales triggered significant Bitcoin profit-taking after BTC surpassed $120,000, with realized profits reaching $6-$8 billion.
2. Old whales resurfaced with significant Bitcoin sales, realizing $9.7 billion in profits, executed through Galaxy Digital and major exchanges.
3. Bitcoin's 2025 performance has outpaced traditional markets like the S&P 500, which is down 15% year-to-date when measured against Bitcoin.
4. Profit-taking waves from both new and old whales signal important market dynamics and institutional involvement.
5. Tracking whale transactions and realized profits helps investors anticipate market trends and navigate Bitcoin’s price movements effectively.
Description
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