Whales lock in more than $1.2B in profits over three days, market gauges fresh demand
AI Market Summary
CryptoQuant data indicate recent BTC accumulators realized over $1.2B in profits in three days, the largest profit-taking event recorded for this cohort. The market focus is whether price can hold above the whale cost line near $70,000 and whether realized profits normalize, implying fresh demand is absorbing distribution. Near term, this frames BTC's balance between sell pressure from whales and marginal demand.
Impact level
● High
Affected assets
BTC/USDT+1.63%
AI Insight · BTC/USDTAI Insight
● Neutral
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ME News reported that on Aug. 25 (UTC+8), CryptoQuant analyst Moreno said recent BTC accumulators have booked sizable gains during the latest rally, realizing more than $1.2 billion in profits over the past three days. He described it as the largest profit-taking episode ever recorded for this cohort. Moreno added that if BTC can hold above the whale cost line near $70,000 and whales' realized profits trend back toward normal levels, it would indicate that new demand is absorbing the selling pressure created by their profit-taking. (Source: ODAILY)
