CryptoQuant: Bitcoin welcomes the third round of bull market with large-scale profit taking, selling above $120000. The main force is newly entered whales

According to BlockBeats, on July 31st, CryptoQuant announced that "Bitcoin has just experienced the third round of large-scale profit taking in this bull market. At the end of July, profits surged to $6 billion to $8 billion, which is comparable to the highs in March and December 2024. The main force selling above $120000 in this round is the newly entered whales