Whale Wallets Cash Out $11.6M Bitcoin Longs Amid Price Surge

Two large Bitcoin holders have closed their positions after two months, locking in a profit of $11.6 million.

The wallets, believed to be controlled by the same entity, opened long positions of 300 BTC each in early July and exited them in three separate transactions today.

Bitcoin's current price is $80,615.88, up 4.52% over the past 24 hours, according to CoinMarketCap.

The whale activity comes as Bitcoin reclaims the $80,000 level, a key psychological threshold, and market participants are closely monitoring such moves for their potential impact on price direction.