Yesterday, Bitcoin (BTC) made a fresh all-time high (ATH) of $111,880 on Binance crypto exchange following months of downward action during the first quarter of the year. The leading cryptocurrency has rebounded over 45% from its April 6 low of approximately $76,000, and recent whale behavior suggests that long-term holders see further upside potential.
Bitcoin ATH Sees Mixed Reaction From Whales
According to a recent CryptoQuant Quicktake post by contributor Crazzyblockk, new whales – wallets that have held substantial BTC amounts for less than 30 days – have been aggressively taking profits during the current price rally, contributing to increased selling pressure.
In contrast, old whales – wallets holding significant BTC for over six months – have shown minimal selling activity. This indicates long-term confidence in Bitcoin and expectations of continued price appreciation.
Meanwhile, whales active between 7 to 30 days ago…
