Wallets holding between 1K -10K $BTC have seen their unrealized profits increase by approximately +38% since the beginning of this month.
Currently, unrealized profits are around $150 billion, marking the highest level since February. Historically, when profits approach the $200 billion area, whales tend to start taking profits, which typically slows down the asset’s growth.
We’ll keep a close eye on this metric, as it could signal important market movements. 🔍
Written by OnChainSchool
