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Bitcoin whales are actively securing profits as the cryptocurrency nears the $120,000 mark, with a notable $17 billion surge in exchange inflows over just four days.
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This intensified movement reflects strategic profit-taking by large holders amid recent price rallies, signaling potential shifts in market dynamics.
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According to COINOTAG, one whale alone realized $91.5 million in gains by selling 400 BTC, underscoring the significant impact of whale activity on Bitcoin’s price action.
Bitcoin whales increase exchange inflows by $17B near $120K, locking in profits and potentially stabilizing prices as selling pressure eases.
Bitcoin Whale Activity Drives Profit-Taking Near $120K Price Level
Between July 14 and 18, Bitcoin whales significantly increased their inflows to exchanges, moving an additional $17 billion worth of BTC compared to the monthly average. This surge highlights a pronounced phase of profit-taking as Bitcoin’s price hovers near $118,400. Large holders, often referred to as whales, are capitalizing on recent price surges by offloading substantial amounts of BTC, which historically precedes market corrections or consolidation phases. The data suggests that whales are strategically timing their sales to maximize returns, reflecting a cautious approach amid heightened market volatility.
Whale Profit Realization and Market Implications
One prominent whale recently deposited 400 BTC, valued at approximately $47.1 million, into Binance. This wallet initially acquired 1,500 BTC at an average price of $56,282 during mid-2023 and late 2024. With the remaining 1,100 BTC now worth over $129 million, the investor has effectively secured a profit of $91.5 million, representing a 109% return on investment. Such significant profit realization by whales often signals a shift in market sentiment, as these large-scale transactions can trigger increased volatility and influence price trajectories. Market participants should monitor these movements closely to anticipate potential price adjustments.
Exchange Whale Ratio Indicates Potential Cooling in Selling Pressure
The Exchange Whale Ratio, a metric tracked by CryptoQuant, measures the proportion of BTC inflows from whales to exchanges relative to total inflows. Historically, elevated ratios have correlated with increased selling pressure and subsequent price declines. From late 2022 through mid-2025, Bitcoin’s price experienced substantial growth, yet whale inflows exhibited non-linear patterns. In 2022, spikes above a 0.8 ratio coincided with turbulent price action, while 2023 and 2024 showed more moderate ratios between 0.2 and 0.6, indicating steadier but persistent selling during rallies. Currently, the ratio’s moderation suggests a potential easing of immediate selling pressure.
Slowing Whale Inflows May Support Short-Term Price Stability
Recent data reveals a deceleration in daily BTC inflows from whales to exchanges, implying that the intense selling phase may be subsiding. If this trend persists, it could alleviate downward pressure on Bitcoin’s price, fostering a more stable market environment in the near term. This cooling momentum aligns with historical patterns where reduced whale activity often precedes consolidation periods. Investors and traders should consider this dynamic when evaluating Bitcoin’s short-term outlook, as diminished selling pressure could create favorable conditions for price stabilization or gradual appreciation.
Conclusion
Bitcoin whales are currently leveraging near-record price levels to lock in substantial profits, as evidenced by a $17 billion increase in exchange inflows and significant individual gains. While such activity traditionally signals potential market corrections, the recent slowdown in whale inflows suggests a possible easing of selling pressure. This development may contribute to short-term price stabilization, offering a cautiously optimistic outlook for Bitcoin holders. Market participants are advised to monitor whale behavior closely, as their actions remain a critical indicator of Bitcoin’s price direction and overall market health.
