New 'Bitcoin Whale' Loses $1 Billion in Two Weeks, Longtime Whale Turns Profit in Early June
Bitget2024/07/09 19:41
Julio Moreno, head of research at CryptoQuant, said the data shows that the new "bitcoin whales" have realized losses of $1 billion over the past two weeks, while the group made a profit during Q1. On the other hand, the long-term whales made a profit in early June. Long-term whales are defined as: 1) average UTXO age of more than 155 days (if less than 155 days, they are short-term whales); 2) balance of more than 1,000 BTC; and 3) no affiliation with CEX or mining companies.
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