Bitcoin record high breakthrough immediately after large-scale sell-off… Whale·Miner “Profit realization” movements detected

As Bitcoin surpassed $123,000, setting an all-time high, evidence was found that major investors and miners were engaging in large-scale profit-taking. BeInCrypto, citing CryptoQuant data, reported that as of July 15 (local time), approximately 16,000 BTC had been moved by miners to centralized exchanges (CEX).

On the same day, the movement of whales holding about 80,000 Bitcoins was also detected. Simultaneously, a sharp selling pressure appeared in the market, and the BTC price reversed from its peak, adjusting to the $118,200 level.

The media analyzed that “the simultaneous transfer of holdings to exchanges by miners and whales is interpreted as their execution of a planned selling strategy after Bitcoin's breakthrough to a new high.” The realization of profits due to the short-term surge has affected the market.

As investors' caution increases over whether this adjustment is a temporary breather or a signal of a deeper decline, the future movements of large-scale sellers are emerging as a key variable for Bitcoin's price.