🐋 Whales just realized profits of over $1.2 billion in 3 days
A new group of whales—wallets holding over 1,000 BTC and accumulated within the last 155 days—has just booked profits of more than $1.2 billion during the 21–23/8 period.
Notably, this figure is even higher than the time when BTC hit a new all-time high.
This group’s average cost basis is around $68,900. After being tied up in capital for a long time, once BTC rebounded, they began trying to get out + take profits.
👉According to CryptoQuant, the key level to watch right now is $70K:
- Stay above 70K: profit-taking pressure decreases, and new inflows can still absorb the amount whales are selling.
- Lose 70K: if whales continue to dump, the current rebound may only be an opportunity for the trapped group to exit their positions. @All
A new group of whales—wallets holding over 1,000 BTC and accumulated within the last 155 days—has just booked profits of more than $1.2 billion during the 21–23/8 period.
Notably, this figure is even higher than the time when BTC hit a new all-time high.
This group’s average cost basis is around $68,900. After being tied up in capital for a long time, once BTC rebounded, they began trying to get out + take profits.
👉According to CryptoQuant, the key level to watch right now is $70K:
- Stay above 70K: profit-taking pressure decreases, and new inflows can still absorb the amount whales are selling.
- Lose 70K: if whales continue to dump, the current rebound may only be an opportunity for the trapped group to exit their positions. @All
