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Bitcoin Whales Hold Record $9B Profit as Exchange Reserves Threaten Upside

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin short-term holder whales sit on record unrealized profits of over $9 billion, heightening risk of profit-taking sell-offs.
  • Concurrently, Binance reserves near two-year highs of around 692,000 BTC, indicating significant available supply that could cap upside moves without fresh spot demand.
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BTCUSD price history

77238.69 +14.51% over the displayed period

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