<ul data-eligibleForWebStory="false"><li>Late June saw unusual Bitcoin whale behavior, with both profit-taking and significant losses occurring simultaneously, indicating a potential market pivot.</li><li>On-chain data revealed new whales making a profit of $641 million but also suffering a loss of $1.24 billion, while old whales showed little profit and almost no significant losses.</li><li>The activity coincided with the close of the first half, a period when institutions typically rebalance portfolios, suggesting a planned repositioning rather than panic.</li><li>The derivatives market reflected increasing pessimism about Bitcoin's short-term direction, with short-term holders dumping positions, while spot inflows remained strong.</li></ul>

Bitcoin Whale Action Late June Reveals Potential Market Turning Point

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