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CryptoQuant: Bitcoin sees third round of large-scale profit-taking in current bull market, with major selling above $120,000 led by new entrant whales

Summary: According to CryptoQuant, Bitcoin has just experienced the third round of large-scale profit-taking in the current bull market. By the end of July, profits surged to $6 to $8 billion, reaching levels similar to the highs in March and December 2024. The main sellers above $120,000 in this round are new entrant whales.

According to CryptoQuant, Bitcoin has just experienced the third round of large-scale profit-taking in the current bull market. By the end of July, profits surged to $6 to $8 billion, reaching levels similar to the highs in March and December 2024. The main sellers above $120,000 in this round are new entrant whales.

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