Crypto News Flags Market Weakness As Whales Book Low Profits
The post Crypto News Flags Market Weakness As Whales Book Low Profits appeared on BitcoinEthereumNews.com.
Key Insights: Whales booked $650 Million in profits, sparking worries in crypto news about short-term market weakness. Bitcoin correction of -13% remains smaller than past cycle averages, suggesting limited downside for now. Heavy token unlocks worth $453 Million and Bitcoin’s $108,800 cost-basis zone will shape September’s crypto news outlook. The crypto market entered September with weakness. The total market cap slipped by almost 2% in the last 24 hours, bringing it down to $3.81 Trillion. Just weeks ago, traders were watching the $4.1 Trillion mark. That now feels far away. At the same time, large investors known as crypto whales realized big profits, raising new doubts. This mix of gloomy crypto news and profit-taking has traders wondering whether this is just a cooling phase or if bigger risks are on the way. Whale Profits and Crypto News Show Pressure The first sign came from whale wallets. Data shows crypto whales realized $650 Million in profits, the biggest spike in more than four weeks. In simple terms, realized profit means whales sold coins they had been holding at a price higher than their cost. They locked in those gains. Crypto Whales Booking Profit | Source: X When whales take profit, it often weakens short-term momentum. Smaller traders are left questioning whether to sell as well or wait. This does not guarantee a deeper fall, but it makes the market more uncertain. At the same time, money supply signals add weight. The U.S. M2 money supply is now at $22.12 Trillion, a record level. M2 measures how much money exists in the economy, including cash, checking deposits, and savings accounts. More M2 usually means more money is available. Money Supply Is Available | Source: X But right now, much of it is not reaching crypto. It is moving into safer places, leaving…
