Whale Watching: Profit-Taking as Bitcoin Pulls Back Amidst Macro Headwinds
After striking a brand-new all-time high (ATH) of US$ 111,970 (AU$ 173,136) on May 23, 2025, Bitcoin (BTC) has been considering greater highs however has actually failed to acquire traction. At the time of composing, the largest crypto is trading at US$ 105,546 (AU$ 163,174), a regular monthly boost of 10 percent. The brand-new ATH also represents a 50 per […] The post Whale Seeing: Profit-Taking as Bitcoin Draws Back Amidst Macro Headwinds appeared first on Crypto News Australia.
Bitcoin reached an all-time high of US$ 111,970 on 23 Might 2025 however has since pulled away to US$ 105,546, representing a 10 per cent monthly gain regardless of the pullback.The existing retracement stems from macroeconomic issues over Trump’s tariff policies, particularly after an US Court judgment deemed many tariffs unlawful, causing Treasury yields to break above 5 per cent.Derivatives markets show signs of overheating with options open interest hitting an all-time high of US$ 49.4 billion, suggesting raised institutional activity and increased hedging speculation.Whale activity has intensified with large holders accounting for almost half of exchange circulations and over US$ 1.2 billion leaving Bitcoin ETFs given that 29 Might, suggesting profit-taking behaviour.After hitting a brand-new all-time high (ATH) of US$ 111,970 (AU$ 173,136) on Might 23, 2025, Bitcoin (BTC) has actually been considering higher highs however has failed to get traction. Bitfinex The experts likewise noted that the derivatives market is starting to show signs of “overheating” as open interest has soared: Options open interest has actually climbed up to an All-Time High of $49.4 billion– highlighting elevated institutional activity and increased hedging/speculation following the current Bitcoin ATH.– By @JA_Maartun pic.twitter.com/KCBA8cVCdb— CryptoQuant.com (@cryptoquant_com) June 2, 2025Whales moving big amounts to exchanges is normally an indication that they expect selling at a local top, taking earnings off the table.US spot Bitcoin exchange-traded fund (ETF) activity supports this presumption, as the funds had three days of net outflows after a record streak of net inflows.Since May 29, over US$ 1.2 billion (AU$ 1.85 billion) has actually exited the funds, which now hold 1.2 million BTC or 5.77 per cent of the 21 million ever available.US area Bitcoin ETF streams, source: BiTBO/YRRelated: Crypto ATM Scams Rip Off Aussies: Senior Citizens Bear the BruntThe post Whale Enjoying: Profit-Taking as Bitcoin Pulls Back In the middle of Macro Headwinds appeared very first on Crypto News Australia.
