$BTC Whales Continue Eight-Year Sell-off Despite #Institutional Demand


$BTC whale entities holding 10,000 to 100,000 coins have reduced supply by 40% over eight years.


Analyst Willy Woo revealed that major holders have been selling since 2017 despite institutional buying pressure.


Most whale-held coins were purchased between $0 and $700 and held for eight to 16 years before profit-taking.


Whale supply declined from 2.7 million to approximately 1.6 million $BTC during this extended selling period.


#Glassnode data shows recent all-time highs triggered notable profit-taking with an average of 16% gains per coin.


Fewer than 8% of trading days have been more profitable for investors than the current market conditions.


Entity-adjusted realized profit spiked above $500 million per hour three times on June 3.


$BTC has maintained above $100,000 for 27 days, the longest period in cryptocurrency history.


The asset retraced 5.5% from its May all-time high near $112,000 to current levels around $105,000.


Long-term whale selling continues despite institutions and sovereign entities racing to accumulate billions in $BTC holdings.

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June 04, 2025 at 12:30 PM
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