💥 BITCOIN WHALES HOLD $9B IN UNREALIZED PROFITS — IS SELLING PRESSURE BUILDING?
Bitcoin’s short-term holder whales are sitting on a record $9.07 billion in unrealized profits, according to CryptoQuant data cited by Cointelegraph. These newer whale wallets hold coins for less than six months and tend to react more quickly to price swings. Their unrealized profit dropped 17% after BTC fell nearly 2% on Sept. 5, showing how sensitive the cohort is to price movements.
At the same time, Binance’s BTC reserves reached 691,658 BTC on Sept. 2, the highest since November 2024. This does not mean whales are about to sell, but elevated exchange reserves could increase available supply if profit-taking accelerates.
What matters next: can fresh spot demand absorb that potential supply?
$BTC $BNB $NEAR
#Bitcoin #BTC #CryptoQuant #BitcoinWhales #ThuyBNB
Bitcoin’s short-term holder whales are sitting on a record $9.07 billion in unrealized profits, according to CryptoQuant data cited by Cointelegraph. These newer whale wallets hold coins for less than six months and tend to react more quickly to price swings. Their unrealized profit dropped 17% after BTC fell nearly 2% on Sept. 5, showing how sensitive the cohort is to price movements.
At the same time, Binance’s BTC reserves reached 691,658 BTC on Sept. 2, the highest since November 2024. This does not mean whales are about to sell, but elevated exchange reserves could increase available supply if profit-taking accelerates.
What matters next: can fresh spot demand absorb that potential supply?
$BTC $BNB $NEAR
#Bitcoin #BTC #CryptoQuant #BitcoinWhales #ThuyBNB