The Bitcoin (BTC) market will build a critical moment after the third important profit liquidation wave in this upward cycle.
New whales, investors with over 1,000 BTC, They sold over $120,000According to the data provider On-chain Encryption.
The move, although intense, has not violated the solidity of its assets. This is placed for potential jumps to the new maximum when the result is finished.
At the end of July Profits were $6,000-8,000 millionThe company reports the level comparable to the Picos in March and December 2024.
The new whales used the $120,000 threshold to settle positions and proved sales pressure that did not reduce market resilience.
In the graph on the left showing profits and losses made with Bitcoin, the purple bar representing “profits” in July 2025 shows a large peak in the area marked 3. This is clearly comparable to the magnitude of the peak observed around March 2024. (areas marked as 1.) and December 2024 (areas marked as 2.). The new whales led the liquidation when prices exceeded $120,000.
This is supported by the graph on the right, “Bitcoin: Benefits Made by Whales – Cohort.” They exhibited very prominent capacity activity in July 2025 Overcoming the revenue of “old whales” (pink bars) for that period (area marked as 3). This activity in new whales is markedly high, similar, or even better than the peak in early 2024 (area marked as 1) and the end of 2024 (area marked as 2).
Historic sales
A clear example of the gain shot was reflected on July 26th, when extraordinary sales shook the market. Nakamoto Ath Palace’s Whale downloaded 80,000 btc worth $9.6 billion in operation managed by Galaxy Digital, including OTC transactions.
Despite this volume, The price at the time only fell to $115,000, and quickly stabilized at 119,000.reflects the strength of the market.
Important resistance and support
Bitcoin is currently facing serious resistance of $120,000. There, profits, especially long-term investors, continue to operate.
If the price clearly exceeds $125,000, GlassNode’s company forecasts an increase to $141,000as reported by Cryptonoticia, a wave of new sales with unrealized profits is expected at the technical and psychological level.
The market remains in the consolidated range, with forecasts of $110,000-115,000, with current Bitcoin price and resistance of $141,000.
one time As current sales pressure drops, Bitcoin can gain traction to reach new records. Market capacity absorbing mass sales like the July whales points to solid bases for bullish bursts.