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coinpedia 2025-02-22 06:44:54

Bitcoin Whales’ Profits Plummet! Is the Bull Run Losing Steam?

Bitcoin Whales’ Profits Plummet! Is the Bull Run Losing Steam?

The post Bitcoin Whales’ Profits Plummet! Is the Bull Run Losing Steam? appeared first on Coinpedia Fintech News At the start of this month, the price of Bitcoin was around $102,398.17. Since then, the market has experienced a decline of 5.77%. In the previous month, the market witnessed a surge of at least 9.54%. Unsurprisingly, a report suggests that large BTC holders have seen lower realised profits this month compared to January. Let’s take a closer look. Bitcoin Whales Made Less Profit in February According to the report, earlier in the year, large BTC holders made approximately $3 billion in realised profits. The same report shows that large BTC holders, holding 10 to 10,000 BTC, have seen lower realised profits this month compared to January. Huge Profits in January – But Why the Change? At the beginning of the year, the price of BTC was $93,569.38. Between January 1 and 6, the market sharply climbed by 9.25%. However, between January 7 and 9, the market dropped by 9.46%. Later, with a sharp upward momentum of 14.61%, the market recovered from the previous correction. Between January 16 and 31, the market remained within the range of $99,995 and $106,190. At a point on January 20, the market touched as high as $109,603.27. In January, 2025, the BTC market recorded a growth of 9.54% – far higher than the 0.87% growth experienced the same month in the previous year. It appears that market conditions may have encouraged large BTC holders to take profit in January. Bitcoin Price Remains Strong Above $90,000 in February Notably, though large BTC holders have seen lower realised profits in February, the BT market has not experienced significant price drops. In the first two days of February, the Bitcoin market plummeted sharply by 4.68%. At a point on February 3, the market touched a low of $91,235.33. However, on February 5, the market entered a range of $98,305.18 and $95,666.64. As of now, the BTC price stands at $96,472.30, indicating that the market still remains inside this range. The current price trend indicates that the Bitcoin market remains stable above $90,000. Are Bitcoin Whales Changing Their Market Strategy? The stability suggests that selling pressure from whales is controlled. Instead of mass selling, large holders seem to be adjusting their approach. What this indicate is a long-term confidence among large Bitcoin holders in the price of BTC. In conclusion, if whales continue holding rather than selling aggressively, Bitcoin could maintain strong price levels.

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