Bitcoin Short-Term Whale Profits Hit Record $9.07 Billion, Raising Selling Risk
Minseung Kang
Summary
- Cointelegraph reported that profits held by Bitcoin short-term whale investors have climbed to a record level, raising the possibility of greater selling pressure.
- Citing CryptoQuant data, Cointelegraph reported that profits held by Bitcoin short-term whale investors reached a record $9.07 billion.
- Cointelegraph added that the sharp rise in that figure could also increase the likelihood of selling for profit-taking.
Forecast Trend Report by Period
Bitcoin short-term whale investors have amassed record profits, a development that could increase selling pressure.
Cointelegraph reported on September 8, citing CryptoQuant data posted on X, that profits held by Bitcoin short-term whale investors reached a record $9.07 billion.
With that figure surging, the potential for profit-taking sales may also be increasing, Cointelegraph added.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.