Whale profit taking refers to the act of large-scale cryptocurrency holders, often termed “whales,” selling substantial portions of their digital assets to realize gains. This activity typically occurs after significant price appreciation. It can exert considerable downward pressure on market prices due to the sheer volume of assets being liquidated.
Context
On-chain analytics frequently track whale movements, as their profit taking can be a strong indicator of an impending market correction or local top. News reports often highlight instances of significant whale selling, which can influence market sentiment and create uncertainty among smaller investors. Understanding these large-scale movements is crucial for assessing potential market shifts.
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