Old whales remain dormant while new ones take over

In the last month, whales with over 155 days of inactivity have had lower dominance in profit-taking as Bitcoin's price recovered.

On the other hand, new whales have been actively moving for profit, indicating that the interest in closing positions is predominant among institutional players who entered the market in the last 5-6 months.

Older institutional investors were more dominant in the first half of the year, with high levels of profit-taking, but now seem to be waiting for a more favorable market for their positions.

This could be reducing selling pressure at the moment, providing room for the price to build a more positive structure in this recovery.