#Bitcoin Faces Third Major Profit-Taking Wave From New Whales


Fresh selling pressure from recently emerged #whales has triggered $6-8 billion in realized profits as $BTC failed to hold $120,000.


CryptoQuant identifies this as the third major distribution event following ETF launches and the Trump inauguration period.


New whales differ from early accumulators, likely including institutional investors and corporations taking gains.


A dormant Satoshi-era holder sold 80,000 $BTC worth $9.7 billion through Galaxy Digital across multiple exchanges.


The sales were routed through Binance, Bybit, Coinbase and Bitstamp in multiple tranches over several days.


Despite the selling pressure, strong market demand quickly absorbed the liquidations with minimal lasting price impact.


$BTC has outperformed the S&P 500 by 99.98% since 2012, maintaining its position as a superior store of value.

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August 01, 2025 at 12:14 AM
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