Here's what happened the last time short-term Bitcoin whales started seeing their unrealized profits shrink around these price levels.
The pain for most of us is watching those profits fade and not knowing when to exit. It often leads to holding through the subsequent sell-off and taking bigger losses.
As $BTC trades around the mid-$80K range, those short-term whale unrealized profits are shrinking just as they did in late 2021. Fading paper gains back then weakened conviction among short-term holders and led to increased sell pressure that the market felt for months, a contrast to how $ETH managed to hold stronger during its own profit-taking periods.
The same pattern showed up with $SOL when quick profits compressed and triggered those sharp dumps. What we can take away is that these on-chain signals often give us an edge in spotting when the risk of a pullback is rising.
Where do you think this goes from here?
#Bitcoin #OnChain #Crypto
The pain for most of us is watching those profits fade and not knowing when to exit. It often leads to holding through the subsequent sell-off and taking bigger losses.
As $BTC trades around the mid-$80K range, those short-term whale unrealized profits are shrinking just as they did in late 2021. Fading paper gains back then weakened conviction among short-term holders and led to increased sell pressure that the market felt for months, a contrast to how $ETH managed to hold stronger during its own profit-taking periods.
The same pattern showed up with $SOL when quick profits compressed and triggered those sharp dumps. What we can take away is that these on-chain signals often give us an edge in spotting when the risk of a pullback is rising.
Where do you think this goes from here?
#Bitcoin #OnChain #Crypto