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CryptoQuant: Bitcoin Sees Third Major Profit-Taking Wave in This Bull Market, with New Whale Entrants Leading Sell-Off Above $120,000

CryptoQuant: Bitcoin Sees Third Major Profit-Taking Wave in This Bull Market, with New Whale Entrants Leading Sell-Off Above $120,000

BlockBeatsBlockBeats2025/07/31 16:31
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BlockBeats News, July 31 — CryptoQuant reported that Bitcoin has just experienced the third major round of profit-taking in this bull market. At the end of July, realized profits surged to between $6 billion and $8 billion, reaching levels comparable to the peaks in March and December 2024. The main sellers in this round, offloading above $120,000, were newly entered whales.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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