The amount of Bitcoin held by whales has fallen to its lowest level since 2018 amid significant take profit.

The largest investors in the Bitcoin sector are gradually reducing their level of exposure, with data showing a direct correlation with take profit in the recent bullish.

According to a report from Glassnode on September 3rd, wallets holding between 100 to 10,000 BTC now average only 488 BTC—this is the lowest level since December 2018.

Bitcoin supply per whale |Source: GlassnodeThis decline is seen as a continuation of the trend that began in November 2024.

The decrease in this balance coincides with an increase in activity from dormant wallets, indicating that whales are taking profit as the price of Bitcoin surpasses the 100,000 USD threshold.

Data from Checkonchain shows that long-term Bitcoin holders have realized between 3 billion and 4 billion USD at the market peaks in January and July of this year.

The actual value of Bitcoin by age | Source: CheckOnChainThese transactions indicate that this group of investors has actively converted paper profits into real profits, which has directly contributed to the decrease in the average holdings of whales.

Despite the increasing selling pressure, Bitcoin continues to trade near the 111,000 USD mark, indicating that market demand remains strong enough to absorb the take profit from whales.

Mr. Giáo