The recent increase in the value of Bitcoin (BTC) has brought huge profits to short-term holders, particularly whales holding more than 1,000 tokens. Recent analysis shows that they are now experiencing gains unprecedented in this cycle.

Drastic Increase in Short-Term Bitcoin Whale Profits

According to on-chain data, short-term Bitcoin (BTC) whales are now enjoying unprecedented profits. Short-term whales are investors who bought Bitcoin (BTC) in the last 155 days. They are often regarded as "weak hand" holders who tend to panic when faced with market volatility.

Short-term Bitcoin Whale Profit Analysis

From the data presented, it can be seen that short-term Bitcoin (BTC) whales experienced losses at the end of September. However, with the recent rise in Bitcoin (BTC) price, the Unrealized P&L indicator for this group has recovered significantly and reached a high of $10.1 billion. This marks a record high in this cycle, according to the analyst.

Implications of These High Profits

These significant gains may prompt some whales to exit the market. The volatile nature of short-term holders makes them prone to taking profits and exiting the market when it reaches peak profits. This could affect the dynamics of the Bitcoin (BTC) market if there is not enough demand to absorb the possible selling.

Current Bitcoin Price

Currently, the price of Bitcoin (BTC) is hovering around $124,600, with an increase of about 11% in the last seven days. This increase has brought many short-term holders into the profit zone, especially those who have not sold when the price reached its recent peak above $125,000.

The Future of Short-Term Bitcoin Whale Profits

With profits hitting new highs, the near-term future of Bitcoin (BTC) whales will largely depend on the market's ability to continue to attract new investors and sustain prices. Otherwise, the market may experience selling pressure that could affect the overall price.

Disclaimer This content aims to enrich readers' information. Note that an asset's past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.