Bitcoin Whales Amass Record Unrealized Profits Amid Price Decline

Bitcoin whales reached a record $9.07 billion in unrealized profits on September 4, indicating significant potential selling pressure as the price of Bitcoin slightly declined afterward.

This metric tracks large recent buyers and suggests that these whales could quickly sell if the price wobbles, testing the rally's price floor.

Despite this risk, established cost-basis support between $62,000 and $71,000 provides a solid foundation under the current rally, offering a buffer against potential profit-taking by whales.