Bitcoin holders realized $BTC in profit on September 10.
But it wasn’t evenly distributed across the holder base.
One cohort dominated:
• 100–1,000 $BTC:$128.2M• 1,000–10,000 $BTC:$56.6M• Total realized profit: $336.6MThe 100–1,000 $BTCcohort alone generated roughly 38% of the entire day’s realized profit.
Combine both whale cohorts and that rises to around 55%.
There’s another useful comparison.
The aggregate realized price of 100–1,000 $BTCwallets is roughly $67.2K,versus $52.2Knetwork-wide.
So this cohort has a significantly higher cost basis than the average $BTCholder, while still sitting on substantial embedded gains at current prices.
That helps explain why relatively modest coin movement can generate such a large share of realized profit.
One important caveat:
realized profit does not automatically mean selling.
Coins can move to exchanges, OTC desks, collateral accounts, custodians or simply another wallet controlled by the same entity.
So the chart doesn’t prove whales are dumping.
It shows something more specific:
Bitcoin’s current profit realization is heavily concentrated among larger holders, with the 100–1,000 $BTCcohort responsible for nearly $2of every $5realized on September 10.
That’s the chart.
$ZEC

‌$BTC

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