Bitcoin's Record-Setting Whale Problem: A $9.07 Billion Unrealized Profit Threat

Bitcoin's short-term holder whales are sitting on a record $9.07 billion in unrealized profit, according to CryptoQuant data.

This is the highest level since tracking began in 2016 and is particularly concerning for Bitcoin's market stability.

The whales have held their BTC for 155 days or less, making them more likely to sell when prices move sharply.

CryptoQuant analysts warn that these profits could quickly turn into selling pressure if Bitcoin falls, as seen on September 5 when STH whale profits dropped to $7.51 billion after a 2% drop in price.

The analysts note that 'unrealized profit at that scale is exposure.'

With the current market pullback from recent highs and Bitcoin trading at $78,251, strong buying will be needed to absorb the extra supply if short-term whales start taking profits.