Bitcoin failure to keep above $ 120,000 was with a boom in selling from big holders, stating that analysts called “the third major profit -taking wave of this bull run”.
Profits on Bitcoin (BTC) fell between $ 6 billion and $ 8 billion in late July – in March and December 2024, in the local tops or near the level, once recognized for analytics firm Cryptoctive.
It was operated by the latest sales-AFF “New Whats”, who began to realize the profit on BTC, which had crossed the $ 120,000 mark, said Cryptoctive.
In Crypto words, whales are institutions that hold at least 1,000 BTCs. Many of them gathered early and are known to affect market motors. “New Whale”, by control, has recently collected its BTC funds, increasing the possibility that they include institutional investors or corporations.
The previous two-profit-making waves made us after the launch of the run-up for the inauguration of the US spot bitcoin exchange-traded funds and President Trump. After both periods, an extended cooling phase was performed in bitcoin and broad crypto markets.
However, Trump’s tariff agenda increased the cooling phase in a full-developed cell-in-in in early 2025, after Trump’s tariff agenda harasses investors and raised concerns about economic girls and inflation.
Nevertheless, bitcoin and comprehensive crypto markets have increased rapidly since the beginning of April, BTC has reached a new time above $ 123,000 in July.
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Old whale also resurrected
While the analysis of the Cryptoctive recently exposed the new form as the primary drivers of profit-levy, a long type of unit that stored 80,000 BTC Durang Satoshi Nakamoto, made $ 9.7 billion in profits.
As cointelegraph reported, the transaction was executed into several transchs through the Galaxy Digital, which was rooted through sales with sales, including business, bibit, cinebase, and bitstamps.
Despite a brief 4% dip in the price of after sale bitcoins, the market quickly heard, suggested strong demand and absorption capacity even in the face of large -scale liquidity.
The performance of bitcoin this year has surpassed most other assets, including the stock market. While S&P 500 reached record high last month, it is below 15% year-on-year when people have created in the terms of bitcoin. Since 2012, the benchmark index has reduced bitcoin by 99.98%, which is working for data from Bitbo.
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