From Cointelegraph

June 3, 2025 11:56:00 pm:

Large Bitcoin holders have been taking profits after hitting a new peak, with whales selling since 2017. The supply held by whale entities with 10,000-100,000 BTC has decreased by around 40% in the past eight years. Glassnode reported a surge in profits locked in after Bitcoin’s recent all-time high breakout.

Analyst Willy Woo believes it’s not wise to invest in Bitcoin at six figures currently, but it could be a great investment in the long term. Glassnode noted an uptick in profits locked in after Bitcoin’s recent peak, with 16% profit on average. Only 8% of trading days have been more profitable, signaling profit-taking activity.

Bitcoin retraced to $105,000 after hitting a new all-time high of $112,000 in May. It briefly jumped back up to $106,800 before falling to $105,750 on June 4. Bitcoin has held above $100,000 for a record 27 days, surpassing the 18 days in January. Glassnode reported intense profit-taking activity exceeding $500 million per hour.

Read more at Cointelegraph: Bitcoin’s ‘big whales’ continue sell-off after all-time high