Crypto Express

07/31 06:36

BTC Long-Term Whales Take Profits

BTC Long-Term Whales Take Profits Amid Price Stability

Meanwhile, another analysis from CryptoQuant contributor CoinCare revealed selling activity from long-term Bitcoin holders, often referred to as “whales,” who have maintained their positions for over a decade.

According to CoinCare, some of these holders, including those who first accumulated Bitcoin around 2013, have started to liquidate a portion of their holdings.

This selling activity aligns with the historical timeline of Bitcoin’s sharp rise from under $100 to roughly $1,000 during that period, representing a potential 117,900% return for early adopters.

Such profit-taking from early investors is not unusual during periods of elevated prices and does not necessarily indicate a shift in long-term market sentiment.

Historically, whale activity has influenced short-term volatility but has also contributed to market redistribution, allowing newer participants to enter the market.

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