CryptoQuant: Bitcoin sees its third large-scale profit-taking of this bull market, with selling pressure above $120,000 led by new entrant whales.

BlockBeats News, July 31st, CryptoQuant posted an article stating, "Bitcoin has just experienced the third round of large-scale profit-taking in this bull market. By the end of July, the realized profit surged to $6 billion to $8 billion, a level comparable to the peaks in March and December 2024. The main force behind the sell-off above $120,000 in this round was newly-entered whales."