🐱🙏🐶🚨 When Bitcoin Crossed $100K: Whales Sold — Who Bought?

When Bitcoin first crossed the $100,000 mark, a natural market reaction followed:
large holders (whales) began to sell.

On-chain data shows that over 80,000 BTC were sold in July, primarily through Galaxy Digital, with a total value reaching billions of dollars. This wasn’t panic selling — it was strategic profit-taking after years of accumulation.

🐋 Whales sold — but the price didn’t crash. Why?

The key question isn’t who sold, but who bought.

This massive supply was smoothly absorbed by:

Bitcoin ETFs

Corporate and institutional treasuries

No sharp collapse. No widespread panic.
This signals that Bitcoin’s market structure has fundamentally changed.

🏦 A shift in ownership

We are witnessing a transition:

Bitcoin moving out of the hands of early adopters and ultra-wealthy individuals

Into the balance sheets of institutions, ETFs, and corporations

In other words:
👉 Bitcoin is becoming a macro asset, no longer a niche experiment.

📊 The deeper meaning

Whales selling at $100K is not a bearish signal, but a sign of market maturity

The market’s ability to absorb such large supply shows growing liquidity and long-term conviction

This cycle isn’t driven only by retail hype, but by structural institutional demand

🔍 Conclusion

When whales sell and the price holds,
the real question is no longer “Will Bitcoin crash?”
but “Who is quietly accumulating for the next decade?”

Bitcoin at $100K isn’t the end of the story —
it may simply be the opening chapter of Bitcoin’s institutional era.

Read more at: https://primal.net/e/nevent1qqs2ex4jjru3qyy6x0sdjqglntwvvak6edd5q5ckpvjkk2qanw2tn9sjvhwpc