The latest surge of profit-taking among newly active Bitcoin whales has marked another significant selloff, creating the third major wave in this cycle — www.naijnaira.com reports.
CryptoQuant, the on-chain data platform, linked the move to Bitcoin’s recent failure to hold above $120,000, a price level that invited heavy liquidation from large holders.
According to Cointelegraph, Bitcoin realized profits jumped between $6 billion and $8 billion toward the end of July, which closely mirrors local peak patterns seen in March and December of this year.
The current sell pressure stems largely from “new whales” — investors or institutions that began acquiring Bitcoin during recent upswings and are now cashing out.
Whales typically hold over 1,000 BTC, but these newer market entrants differ from early adopters by entering during recent price accelerations, often post-ETF launch or political shifts.
Previous distribution cycles followed the launch of US spot BTC ETFs and the lead-up to Donald Trump’s inauguration, both of which led to market slowdowns afterward.
The cooling period turned sharper in early 2025, triggered by investor anxiety surrounding Trump’s aggressive tariff policies and broader economic uncertainty.
Despite early-year declines, Bitcoin rebounded hard from April onward, peaking above $123,000 in July before falling back slightly.
Meanwhile, an old whale — inactive since Bitcoin’s earliest days — moved 80,000 BTC and secured a $9.7 billion profit through Galaxy Digital, dispersing funds via Binance, Bybit, Coinbase, and Bitstamp.
Though the market briefly dipped 4% after the move, recovery was swift, indicating strong buying support and market resilience against large-scale exits.
Data from Bitbo shows Bitcoin has consistently outperformed traditional markets; while the S&P 500 set new records, it’s still down 15% in BTC terms for 2025.
Since 2012, Bitcoin has beaten the S&P 500 by over 99%, reinforcing its outlier status in long-term performance metrics.
Article updated 4 weeks ago. Content is written and modified by multiple authors.
