Bitcoin whales moved $17B more into exchanges in just four days, signaling heavy profit-taking as prices hover near $120K.
One smart whale locked $91.5M in profits by selling 400 BTC, showing how large holders are cashing in on the recent price surge.
Whale inflows are now slowing, which could ease selling pressure and help stabilize Bitcoin’s price in the short term.
Bitcoin whales are making major moves as the asset hovers near $118,400. Between July 14 and 18, average monthly BTC inflows from large holders rose sharply from $28 billion to $45 billion. This $17 billion surge points to intensified profit-taking behavior.
Historically, such inflows have preceded corrections, especially when totals surpassed $75 billion. Besides, data shows whales tend to trigger consolidation phases by offloading large amounts during key market tops.
Source: CryptoQuant
Moreover, a whale recently deposited 400 BTC worth $47.1 million into Binance. This same wallet acquired 1,500 BTC at an average of $56,282 in mid-2023 and late 2024. The remaining 1,100 BTC is now valued at over $129 million.
Hence, the investor has secured a $91.5 million profit and an ROI of 109%. These actions confirm that whales are using new all-time highs to lock in sizable profits.
Exchange Whale Ratio Suggests Cooling Momentum
According to CryptoQuant, the Exchange Whale Ratio helps track such movements. This metric monitors how much BTC whales send to trading platforms. Higher readings often signal incoming sell pressure and likely price drops. From late 2022 to mid-2025, Bitcoin’s price has seen sharp rebounds—from $20,000 to over $118,000. However, whale activity has not been linear.
Source: CryptoQuant
In 2022, whale inflows frequently exceeded a 0.8 ratio. Those spikes aligned with price turbulence. Conversely, 2023 and 2024 saw steadier flows. Ratios ranged between 0.2 and 0.6, suggesting reduced but consistent selling. Still, spikes persisted during strong rallies, which hinted at short-term profit realization.
Additionally, daily BTC inflows are now slowing down. This may suggest that recent selling has cooled off. If this trend continues, overall selling pressure could ease further. Significantly, declining whale inflows could stabilize the market, at least in the near term.
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