Whale Realized Profits Just Hit $208M Again - Distribution or Reload?

$BTC realized profits by whales have once more surged above the $200M threshold, a level that historically aligned with local tops or short term distribution phases. Previous spikes near $210M to $275M marked exhaustion points before corrective pullbacks, especially when price traded at elevated structure highs.

What makes this zone critical is the timing. Price is hovering below prior macro resistance while profit taking accelerates. When large holders realize gains aggressively into strength, it often signals supply absorption testing market depth. If bids fail to sustain, volatility expansion typically follows ⚠

However, context matters. In strong bull regimes, elevated realized profit can also reflect healthy rotation rather than structural distribution. Watch whether price holds above key support while profit metrics cool off. A breakdown with continued high realized profit would confirm distribution pressure. A stabilization would imply reaccumulation.

The $200M line has become a behavioral trigger. The reaction here may define the next macro leg for #Bitcoin
#AriaNaka