The Bitcoin Rally Hindered By Unexpected Profit-taking
Bitcoin wobbles under the pressure of a new investor profile. While the old whales keep their course, the new ones are massively liquidating their positions. This clash of strategies shakes the market. Should we worry about BTC’s next bullish phase? Dive into a dynamic that divides the crypto ecosystem.
In Brief
- New Bitcoin whales have taken 82% of recent profits, slowing BTC’s rise.
- Historical whales remain confident, limiting their sales and betting on a future rise.
- This divergence creates downward pressure and a generational rift that will influence BTC’s future.
Young VS Old: The War of Bitcoin Whales
Since the end of April, two opposing dynamics have been driving the BTC market. On one side, the new whales are massively taking their profits — these recent investors holding over 1,000 bitcoins — have cashed out more than 3.2 billion dollars, concentrating more than 82% of realized profits. This aggressive strategy, focused on immediate gains, has hindered any attempt to sustainably break the 111,970 dollar peak, thus creating persistent selling pressure.
On the other side, the more seasoned Bitcoin whales have limited their moves to only 679 million dollars in sales. Their apparent silence reveals a confident stance in the continuation of the bullish cycle. This opposition reflects a time-frame clash: speculative hurry of newcomers versus the calculated patience of veterans. This strategic divide fuels current instability and shows a growing psychological fracture among major BTC holders.
Bitcoin Hits the 110,000 Dollar Resistance: What to Expect?
Concretely, the selling pressure caused by the young whales prevents bitcoin’s price from sustainably breaking the symbolic 110,000 dollar mark. Every rally attempt is immediately countered by a wave of profit-taking. This stagnation is not trivial. It reflects a loss of momentum in an otherwise favorable context:
- growing adoption;
- strong institutional demand;
- recent halving.
In other words, the potential is there, but it is as if suffocated by a short-term strategy.
BTC Facing Its Future: What Scenario After the 110,000 Dollar Resistance?
In this climate, two scenarios are emerging for BTC.
- The first: profit-taking continues, weakening bitcoin’s bullish momentum and opening the door to prolonged consolidation.
- The second: a lull on the sellers’ side would allow the market to catch its breath and start a new phase of appreciation.
The real danger, therefore, does not come from an external attack or a technological flaw. It comes from within. This inertia, born from excessive caution or greed, could become the main obstacle to bitcoin’s short-term potential realization.
This contrast between rushed sales and waiting strategy illustrates a generational rift among bitcoin whales. Between immediate harvest and long-term vision, two approaches clash. This tension will likely shape the market’s future, while some experts, like the creator of Dogecoin, mocks a lunar forecast on BTC.
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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.