Bitcoin Whales Cut Holdings Amid $100K Profit-Taking

Analyst Willy Woo posted on June 3 that “big whales” with over 10,000 BTC “have been selling since 2017,” despite rising institutional demand. Their holdings have dropped 40% over eight years. As Bitcoin hit $112K, profit-taking spiked, with Glassnode reporting over $500M/hour in gains and BTC holding above $100K for 27 days.