The post Bitcoin Slips Below $79K as Record Whale Profits Test the Rally appeared on BitcoinEthereumNews.com.
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. Bitcoin new whales realized more than $1.2 billion in profits over three days, with the daily total peaking at a record $614 million on August 20. The timing helps explain why the figure matters more than the headline amount alone. Bitcoin closed August 18 around $64,455 before accelerating to $69,418 on August 20 and $73,098 the following day. By August 24, BTC had closed near $77,678, according to historical market data. That rapid repricing changed the position of large holders who had entered the market more recently. Coins accumulated near their aggregate cost basis suddenly moved comfortably into profit, giving those investors an opportunity to monetize positions without waiting for another prolonged advance. Bitcoin Market Snapshot Price Strength Meets Record Whale Profit-Taking BTC Price $78,749 7-Day Performance +22.46% New-Whale Realized Profits $1.2B+ Realized across three days Peak Daily Profit-Taking $614M Record set on August 20 The distinction between realized and unrealized profits is critical here. These figures represent coins actually moved at a profit, rather than paper gains created by…