Data: The unrealized profits of new Bitcoin whales have reached 7.3 billion US dollars, setting a new historical high
Data released by Ki Young Ju, the founder and CEO of CryptoQuant, shows that unrealized profits for new Bitcoin whales have reached $7.3 billion, a historical high. Meanwhile, unrealized profits for old whales are at $40 billion, still below the 2021 peak of $145 billion. Ki Young Ju defines long-term whales as: 1/ having an average UTXO age exceeding 155 days (if less than 155 days, they are considered short-term whales); 2/ holding a balance over 1000 BTC; and 3/ having no association with CEX or miners.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Two Casascius physical coins dormant for 13 years suddenly moved, with 2,000 BTC transferred
Data: The average cash cost to mine one bitcoin has reached $74,600
A whale opened a 20x leveraged long position on 20,000 ETH at an average price of $3,040.