Marchelle Neubecker SOiU

Bitcoin Wallets Take Profit at the All-Time High? $BTC 📊 Bitcoin (BTC: $110,332.46, -2.58% #NewHighOfProfitableBTCWallets ) recently hit a fresh all-time high (ATH), sparking debate across the crypto market: Did major wallets cash out, or are they still holding for bigger gains? 🔎 Profit-Taking Behavior at ATH Whale wallets (holding thousands of BTC) have historically trimmed positions at ATHs. On-chain data shows noticeable spikes in exchange inflows whenever Bitcoin breaks records, confirming that some whales did take profits. Long-term holders (LTHs), however, rarely sell during highs. For them, Bitcoin represents a long-term store of value — ATHs are milestones, not exit points. 💹 Exchange Activity & On-Chain Signals Exchange inflows: Slight uptick near ATH → short-term traders locking in gains. Exchange outflows: Strong outflows continued → signals ongoing accumulation and conviction. Dormant coins reactivated: Some older coins moved → selective profit-taking from early holders. 👥 Who’s Selling vs. Who’s Holding? Retail traders: Quick to book profits on ATH rallies. Institutional investors: More likely to hedge with futures/options rather than sell spot BTC. Whales: Often take partial profits, but still maintain large positions for the next cycle. 📈 What This Means Going Forward Profit-taking at ATH is a healthy reset, preventing overheated momentum. Sustained bull runs often require this balance between selling pressure and fresh accumulation. The key signal: if whales start reaccumulating after selling, it could confirm confidence in Bitcoin heading toward new record highs. ⚡ Bottom Line: Yes — some wallets took profits at the ATH, but the majority of BTC supply remains tightly held. The market now stands between short-term consolidation and the potential launchpad for the next leg higher.