Bitcoin Whales Profits Plummet! Is the Bull Run Losing Steam?

Bitcoin's price fell 5.77% this month, from $102,398.17 at the beginning of February to $96,472.30 currently, following a 9.54% rise the previous month. Large Bitcoin holders (owning 10 to 10,000 Bitcoins) saw lower profits this month compared to January, when they made about $3 billion. In January, Bitcoin's price rose from $93,569.38 to reach a high of $109,603.27, fluctuating between $99,995 and $106,190 in the latter half of the month, resulting in a 9.54% overall increase. While February saw an initial price drop to $91,235.33, the price has since stabilized between $95,666.64 and $98,305.18, remaining above $90,000. This suggests large holders are not aggressively selling, potentially indicating long-term confidence in Bitcoin's price.