CryptoQuant Research Director: New Bitcoin Whales Have Realized Losses of $1 Billion in the Past Two Weeks
Odaily2024/07/09 17:33
By:Odaily
Odaily News Julio Moreno, head of research at CryptoQuant, said in a post on X that data shows that new
Bitcoin whales have realized losses of $1 billion in the past two weeks. Previously, the group achieved profitability in Q1. In addition, long-term whales (Old whales) achieved profitability in early June. Long-term whales are defined as follows: 1. The average UTXO age is more than 155 days (if less than 155 days, it is a short-term whale); 2. The balance exceeds 1,000 BTC; 3. No connection with CEX or mining companies.
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