Whales Cash Out Over $1.2 Billion in Three Days, Setting a Record
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CryptoQuant analyst Moreno stated that recently, whales have been cashing out significantly during the current BTC rebound, realizing profits exceeding $1.2 billion within three days. This marks the largest cash-out event recorded for this group. If BTC can maintain above the whale cost line of approximately $70,000, and if the profits realized by whales gradually return to normal levels, it indicates that new market demand is effectively absorbing their selling pressure.
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