Bitcoin whales selling signaled caution as on-chain metrics showed nearly $4 billion in realized profits and a Supply-Adjusted CDD spike, suggesting long-term holders are taking gains and increasing short-term downside risk for newer entrants.
Whales booked ~ $4B in realized profits, hinting at distribution.
Supply-Adjusted CDD jumped to 5.6, showing older coins re-entered circulation.
Stock-to-Flow rose to 3.18M, reinforcing scarcity but potentially overstating short-term strength.
Bitcoin whales selling drove $4B in realized profits and a CDD spike; read the on-chain analysis and risks — full breakdown and actionable takeaways.
What are the on-chain signals saying about Bitcoin whale selling?
Bitcoin whales selling produced nearly $4 billion in realized profits, combining mega-whale, large, and affluent-holder distributions that correlated with a spike in Supply-Adjusted CDD and higher Stock-to-Flow readings. These metrics point to active distribution by long-term holders and a mixed short-term outlook for BTC.
How large were whale exits and what do realized profits show?
Realized Profits totaled roughly $4 billion: mega whales accounted for over $2 billion, large whales roughly $1.25 billion, and affluent holders about $500 million. This concentration of profit-taking created clear selling pressure, increasing liquidity supply into the market.
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Supply-Adjusted Coin Days Destroyed (CDD) rose to 5.6, indicating dormant coins moved after long inactivity. This metric highlights that long-term holders are realizing gains and distributing supply into market demand, elevating pullback risk for recent buyers.
When LTHs re-enter distribution, market liquidity increases at elevated price levels, which historically precedes local tops or consolidation periods. Traders should weigh this against broader demand signals before increasing exposure.
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Source: https://en.coinotag.com/bitcoin-whales-4b-profit-taking-and-cdd-spike-may-indicate-near-term-risk-despite-stock-to-flow-scarcity/