Bitcoin Whales Are Cashing Out: Is Your Crypto Fortune Safe? 🐋💾

by

Well, well, well, look who’s been cashing in! Large Bitcoin holders, affectionately known as the “big whales,” have been casually snatching profits after BTC hit a new high. Because nothing says “investment” like selling off part of your enormous underwater empire, right?

Analyst Willy Woo took to X (formerly Twitter—because who doesn’t love a good social media throwback?) on June 3 to reveal that “big whales” with over 10,000 Bitcoin have been offloading since 2017. Yep, these investment supermodels have been selling while “institutions and sovereigns are racing to buy billions in BTC.” Clearly, that’s the kind of patience most of us only dream of—like waiting for the perfect avocado ripeness.

“Most of those coins were bought between $0 and $700 and held for 8 to 16 years,” Willy explained, sounding almost wistful, like an old lover reminiscing about the good old days. Because apparently, holding gold—or Bitcoin in this case—is just the vintage fashion of investing.  

The chart (that we definitely can’t pretend to understand but look very serious about) shows that the supply held by whales with 10,000-100,000 BTC has been declining steadily for EIGHT years. From a hefty 2.7 million down to about 1.6 million BTC—because nothing says “wealth” like a gradual decline over time, right?

Woo chimes in, suggesting that investing in Bitcoin at six figures isn’t exactly the most clever move right now. Instead, he foresees that in ten years, Bitcoin will be “probably one of the best investments you’ll see in your investment career,” which sounds just thrilling—if you’re into financial drama.

On June 3, Glassnode chimed in with some exciting news: after Bitcoin soared close to $112,000 on May 22, a “notable uptick in profits locked in” occurred. That’s right—less than 8% of trading days have been more profitable, hinting that folks are now happily cashing out like it’s Black Friday at the crypto mall.

And as if the day couldn’t get any more dramatic, analytics whizzes report that realized profit spiked above $500 million *per hour* three times on June 3. Clearly, everyone’s in a hurry to lock in those gains before the market does something embarrassing—like crash.

Bitcoin holds steady at $105,000

Despite the rollercoaster, Bitcoin has managed to stay above six figures for a record-breaking 27 days—beating January’s 18-day record. But don’t get too comfy; it dipped to $105,000 on June 3 before bouncing back to $106,800, only to slip again during the early hours of June 4.

So, the crypto darling is playing hard to get, but hey—at least it’s still flaunting that six-figure smile. Who knows how long this will last, but one thing’s for sure: even the whales need a holiday—and apparently, that holiday involves selling, not swimming.

Read More

2025-06-04 07:21