Bitcoin's large holders, known as 'big whales,' are cashing in on profits following the cryptocurrency's recent all-time high price of just under $112,000 on May 22. Over the past eight years, the supply held by whale entities has decreased by about 40%, from 2.7 million to 1.6 million BTC. Analysts highlight that whales have been selling since 2017, with most coins originally purchased at prices between $0 and $700 and held for a significant duration. June 3 marked a notable uptick in profit-taking, with Glassnode reporting an average coin capturing a 16% profit, suggesting a meaningful transition into profit-taking activity. Despite volatility, Bitcoin has consistently remained above $100,000 for longer periods than ever before. Analysts caution that it may be unreasonable to invest at current six-figure prices in the short term, although potential for substantial long-term growth persists.

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