Bitcoin's large holders, often referred to as ‘big whales’, are continuing to cash out after reaching an all-time high, showcasing a trend that has been evident since 2017. Whale entities holding over 10,000 Bitcoin have reduced their holdings by 40% in the past eight years, down from 2.7 million to 1.6 million BTC. Analysts suggest that most of these coins were acquired at much lower prices, making profit-taking a logical step. In the wake of Bitcoin's recent peak of nearly $112,000, the average coin sold recorded a 16% profit, indicating a shift towards profit-taking behavior. Notably, less than 8% of trading days have been more profitable for investors. Recent data highlighted that realized profits exceeded $500 million per hour on multiple occasions, showcasing active profit-taking. Despite experiencing slight dips, Bitcoin has maintained a six-figure price for 27 days, marking a historical milestone. Analysts warn that while current short-term investments may not seem prudent, Bitcoin has promising long-term potential.

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