Bitcoin Whales Are Locking In Profits: $838M Realized In 3 Days

Bitcoin has reached a new all-time high, breaking through the $125,000 level on Sunday and reinforcing bullish dominance across the crypto ￰0￱ rally has reignited speculation about a possible move into price discovery, as investors eye even higher targets in the coming ￰1￱ such as BNB and Ethereum (ETH) have followed Bitcoin’s lead, posting impressive gains amid renewed optimism across the ￰2￱ the strong bullish momentum, not all analysts are entirely convinced that the rally can continue without ￰3￱ on-chain analyst Maartunn shared insights showing that Bitcoin whales have started locking in profits, signaling a possible short-term slowdown or ￰4￱ to his data, large holders are realizing gains after weeks of steady accumulation — a pattern often seen near local peaks.

Still, the market’s tone remains largely ￰5￱ expect volatility to increase as Bitcoin’s new highs attract both retail enthusiasm and institutional ￰6￱ the momentum continues, BTC could soon test $130K and beyond, entering uncharted ￰7￱ if profit-taking accelerates, a correction could offer a healthy reset before the next leg of the bull ￰8￱ way, Bitcoin’s dominance is once again defining the tone for the broader crypto ￰9￱ Take Profits as Analysts Warn of Short-Term Cooling According to Maartunn, Bitcoin whales have been actively realizing profits over the past three days, signaling potential short-term caution across the ￰10￱ data shows that both new and old whale cohorts have engaged in heavy selling activity, locking in substantial gains as BTC reached new all-time ￰11￱ figures are notable: October 1: New whales realized $167.6 million in profits, while old whales booked $53.2 ￰12￱ 2: Profit-taking intensified with $242.6 million from new whales and $27.9 million from old ￰13￱ 3: The trend peaked, as new whales realized $277.9 million, while long-term holders added $68.9 ￰14￱ sustained activity underscores a common pattern in Bitcoin bull cycles—where large investors take advantage of euphoric conditions to secure profits at local ￰15￱ the broader market remains bullish, this level of distribution typically precedes a cooling phase or minor correction, as liquidity rotates and traders reassess short-term ￰16￱ are now watching for potential retracements toward key support zones around $117K–$115K, areas that could determine whether the current breakout evolves into a full continuation or stalls.

Still, many agree that as long as Bitcoin holds above major moving averages, the long-term structure remains ￰17￱ essence, while whales are locking in profits, the broader uptrend shows ￰18￱ next few sessions will reveal whether this profit realization marks the beginning of consolidation—or just a brief pause before Bitcoin continues its march toward higher price ￰19￱ Defend Momentum Around $124K Bitcoin is consolidating near $124,000 after an explosive rally that pushed prices to new all-time highs over the ￰20￱ chart shows BTC holding firmly above previous resistance levels around $117,500, now turned into solid ￰21￱ breakout confirms the market’s bullish structure, with higher highs and higher lows forming over the last few ￰22￱ 50-day moving average (blue) has sharply turned upward, signaling renewed short-term strength, while the 200-day MA (red) continues trending positively, confirming a healthy long-term ￰23￱ remains strong as price action consolidates just below resistance at $125,000–$126,000, an area where sellers previously defended ￰24￱ Bitcoin holds above $122,000–$123,000, bulls could attempt another leg up toward $127,000 and potentially enter price discovery beyond that.

However, a failure to sustain this range might trigger a pullback toward $120,000, where buyers will likely step in to maintain trend support. Bitcoin’s technical outlook remains bullish, supported by high volume and strong market ￰25￱ long as BTC holds above the key $117,500 support level, the broader trend points to further upside — with traders now watching whether bulls have enough momentum to push beyond the $125K barrier in the coming ￰26￱ image from ChatGPT, chart from ￰27￱