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Bitcoin Market's Third Wave of Profit-Taking: A Pre-New High Adjustment Phase?

2025/08/01 09:15 (Updated 2025/08/01 13:01)
CoinPost
Written by L.Kikutani
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Bitcoin Market's Third Wave of Profit-Taking: A Pre-New High Adjustment Phase?

The Third Major Wave of Profit-Taking

According to a weekly report by on-chain cryptocurrency analysis firm CryptoQuant, Bitcoin (BTC) has experienced its third major wave of profit-taking in the current bull market. Realized profits in late July reached $6-8 billion, a level comparable to the profit-taking phases of March 2024 and December 2024 to February 2025.

CryptoQuant indicates that new whale investors (those who acquired Bitcoin within the last 155 days) were the main drivers behind this selling pressure. When Bitcoin reached a new high of over $120,000 in mid-July, these investors actively executed profit-taking sales.

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日本暗号資産ビジネス協会 Japan Cryptoasset Business Association
MAGAZINE
Iolite Vol.15

Iolite Vol.15

September 2025 issueReleased on 2025/07/30

Interview Iolite FACE vol.15 Avery Chin, co-founder and CEO of Aptos Labs PHOTO & INTERVIEW Tester Special feature: "How to master workplace relationships! Using MBTI", "Riding the waves of the 'first year of AI agents'!", "Is Bitcoin the savior of companies? The forefront of treasury strategies", "Management strategies learned from villains" Crypto Journey: "The intersection of Web 3.0 and social contribution" Interview with Gracie Chen, CEO of Bitget Series: "Expert perspectives on interpreting the fluctuating cryptocurrency market" Virtual NISHI Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.15

September 2025 issueReleased on 2025/07/30
Interview Iolite FACE vol.15 Avery Chin, co-founder and CEO of Aptos Labs PHOTO & INTERVIEW Tester Special feature: "How to master workplace relationships! Using MBTI", "Riding the waves of the 'first year of AI agents'!", "Is Bitcoin the savior of companies? The forefront of treasury strategies", "Management strategies learned from villains" Crypto Journey: "The intersection of Web 3.0 and social contribution" Interview with Gracie Chen, CEO of Bitget Series: "Expert perspectives on interpreting the fluctuating cryptocurrency market" Virtual NISHI Series: Tech and Future Toshinao Sasaki, etc.