Bitcoin Slips Below $79K as Record Whale Profits Test the Rally
- Bitcoin has pulled back below $79,000 after briefly trading above $80,000.
- New whales recorded their largest realized-profit event on record.
- BTC remains above its short-term moving averages despite cooling momentum.
- The market now faces a test of whether fresh demand can absorb whale selling.
Bitcoin slipped back below $79,000 on August 25 after its sharp weekly advance triggered unprecedented profit-taking among recently accumulated large holders, creating the first meaningful test of demand since BTC broke out of its earlier consolidation range.
New Bitcoin Whales Lock In Record Profits
New Bitcoin whales realized more than $1.2 billion in profits across three days, according to CryptoQuant data, the largest profit-realization event recorded for this cohort. Selling peaked on August 20, when realized profits reached approximately $614 million in a single day.
The timing helps explain why the figure matters more than the headline amount alone.
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