CryptoQuant: Bitcoin Sees Third Major Profit-Taking Wave in This Bull Market, with New Whale Entrants Leading Sell-Off Above $120,000

BlockBeats News, July 31 — CryptoQuant reported that Bitcoin has just experienced the third major round of profit-taking in this bull market. At the end of July, realized profits surged to between $6 billion and $8 billion, reaching levels comparable to the peaks in March and December 2024. The main sellers in this round, offloading above $120,000, were newly entered whales.