Bitcoin whales exhibited a rare pattern of simultaneous profit-taking and heavy losses in late June, signaling a potential local cycle bottom in the crypto market.
This unusual divergence between new and long-term whale holders reflects strategic repositioning rather than panic selling, coinciding with institutional ETF rebalancing activities.
As COINOTAG reports, such spikes in realized losses by short-term holders historically align with market bottoms, highlighting the significance of this late June event.
Bitcoin whales’ late June activity reveals $641M profits and $1.24B losses, marking a potential local bottom amid ETF rebalancing and strategic market shifts.
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In the final week of June, Bitcoin whales demonstrated a complex behavior pattern characterized by both significant profit-taking and substantial realized losses. Data from CryptoQuant and expert analysis by Kripto Mevsimi reveal that new whale investors secured over $641 million in profits while simultaneously incurring more than $1.24 billion in losses. This duality suggests a bifurcation within the whale cohort: early Q2 entrants capitalizing on gains, while newer participants capitulated amid market pressures. Such a pronounced spike in losses among short-term holders is historically associated with local market bottoms, indicating a possible pivot point in Bitcoin’s price cycle.
Contrasting the volatile actions of new whales, long-term holders—often termed “old whales”—exhibited markedly different behavior. These experienced investors realized a modest $91 million in profits with minimal losses, underscoring their resilience and strategic patience. This divergence highlights an internal market rotation where seasoned holders maintain positions while newer whales adjust portfolios. Unlike retail investors who may exit under duress, whale movements during this period appear calculated and indicative of structural repositioning rather than panic-driven selling.
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Source: https://en.coinotag.com/bitcoin-whale-activity-in-late-june-suggests-possible-market-pivot-and-local-cycle-bottom/