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Old Whales Realize Their Third Major Profit of the Year

Long-term whales who have survived multiple market cycles had realized one of their largest profits of 2025, marking the third major profit spike of the year (+$271M) Each realized profit spike tends to precede or coincide with a strong directional move in price, either upward or downward, as liquidity adjusts to the shift in whale behavior. This suggests either: (a) they're anticipating downside pressure, or (b) they're rebalancing portfolios opportunistically. A key signal to monitor is whether short-term holders begin to absorb this realized profit. If they do, price tends to consolidate before resuming its macro trend. However, if profit-taking accelerates across this or other cohorts, it may hint at a temporary shift in market momentum and a deeper cooling phase.