Large Bitcoin wallet movements point to profit-taking amid volatile crypto sentiment

Significant on-chain transfers totaling $163 million were observed across major Bitcoin wallets within 24 hours, suggesting possible profit-booking by long-term holders. Exchange inflows rose sharply as traders repositioned portfolios before macro events and upcoming ETF settlement dates. Blockchain analytics firms indicated that wallet clusters linked to early investors were among the most active. Despite the selling pressure, Bitcoin maintained resilience near the $118,000 level, supported by institutional inflows. Analysts expect temporary volatility before fresh accumulation resumes as liquidity stabilizes in crypto markets.