Bitcoin Whales Double Spending, Signaling Profit-Taking Amidst Market Stability

Recent data reveals a significant increase in Bitcoin whale activity. Long-term holders (LTHs) have recently doubled their monthly BTC spending from approximately 12,000 BTC to 26,000 BTC. This trend, while raising eyebrows in the crypto community, is not a sign of panic selling. Instead, analysts believe it’s a strategic move by LTHs to lock in profits after Bitcoin’s recent price surge.