Whales Reap $614 Million Profits as Bitcoin Consolidates at $78,456
The cryptocurrency market is experiencing technical consolidation after a multiday rally, with total market capitalization at $2.68 trillion.
Bitcoin (BTC) is holding steady at $78,456 as whales realize $614 million in profits in a single day, while XRP has corrected to $1.41 due to large holders taking profits following its 45% macro rally.
BlackRock's IBIT fund has absorbed over $5 billion in private in-kind exchanges, indicating that institutions are quietly buying the supply whales are selling.