Whales sell BTC - largest single-day profit-taking since Feb 2025
Bitcoin recorded a surge in realized profits on August 29, with on-chain data showing over $4 billion in gains locked in by major holders. This marks the largest profit-taking event since February, excluding the July 4 anomaly.
According to on-chain monitoring, whales holding more than 10,000 BTC realized approximately $2.17 billion in profits. Mid-tier whales with holdings between 1,000 and 10,000 BTC followed closely, realizing $1.25 billion.
The data highlights significant selling pressure from the largest market participants, coinciding with Bitcoin trading near recent local highs. Analysts suggest the move could signal caution for short-term traders, as large-scale profit-taking often precedes corrections in price momentum.
The data highlights significant selling pressure from the largest market participants, coinciding with Bitcoin trading near recent local highs. Analysts suggest the move could signal caution for short-term traders, as large-scale profit-taking often precedes corrections in price momentum.
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