The post Bitcoin whales’ holdings shrink amid profit-taking appeared on BitcoinEthereumNews.com. Bitcoin’s largest investors are steadily reducing their exposure, with data showing a direct link to profit-taking during the recent rally. Glassnode reported on Sept. 3 that wallets holding between 100 and 10,000 BTC now average just 488 BTC—the lowest level since December 2018. Bitcoin Supply Per Whales (Source: Glassnode) According to the firm, this decline marks a continuation of a trend that began in November 2024. The shrinking balances coincide with renewed activity from dormant wallets, suggesting whales are realizing gains as prices top $100,000. The Crypto Investor Blueprint: A 5-Day Course On Bagholding, Insider Front-Runs, and Missing Alpha The Crypto Investor Blueprint: A 5-Day Course On Bagholding, Insider Front-Runs, and Missing Alpha Nice 😎 Your first lesson is on the way. Please add [email protected] to your email whitelist. Checkonchain data shows that long-term Bitcoin holders realized between $3 billion and $4 billion during the market highs in January and July this year. Bitcoon Realized Value by Age (Source: CheckOnChain) These sales show that this cohort aggressively converted their paper gains into realized profits, which directly contributed to the fall in average whale holdings. Despite the renewed selling pressure, Bitcoin continues to trade near $110,000, showing that market demand remains strong enough to absorb the whales profit-taking. Source: https://cryptoslate.com/insights/bitcoin-whale-holdings-dwindle-to-lowest-levels-since-2018-amid-significant-profit-taking/The post Bitcoin whales’ holdings shrink amid profit-taking appeared on BitcoinEthereumNews.com. Bitcoin’s largest investors are steadily reducing their exposure, with data showing a direct link to profit-taking during the recent rally. Glassnode reported on Sept. 3 that wallets holding between 100 and 10,000 BTC now average just 488 BTC—the lowest level since December 2018. Bitcoin Supply Per Whales (Source: Glassnode) According to the firm, this decline marks a continuation of a trend that began in November 2024. The shrinking balances coincide with renewed activity from dormant wallets, suggesting whales are realizing gains as prices top $100,000. The Crypto Investor Blueprint: A 5-Day Course On Bagholding, Insider Front-Runs, and Missing Alpha The Crypto Investor Blueprint: A 5-Day Course On Bagholding, Insider Front-Runs, and Missing Alpha Nice 😎 Your first lesson is on the way. Please add [email protected] to your email whitelist. Checkonchain data shows that long-term Bitcoin holders realized between $3 billion and $4 billion during the market highs in January and July this year. Bitcoon Realized Value by Age (Source: CheckOnChain) These sales show that this cohort aggressively converted their paper gains into realized profits, which directly contributed to the fall in average whale holdings. Despite the renewed selling pressure, Bitcoin continues to trade near $110,000, showing that market demand remains strong enough to absorb the whales profit-taking. Source: https://cryptoslate.com/insights/bitcoin-whale-holdings-dwindle-to-lowest-levels-since-2018-amid-significant-profit-taking/