CryptoQuant reports Bitcoin whales back in profit at $112,788
Crypto Briefing
Bitcoin whales are profitable again as the price surpassed CryptoQuant's New Whales Realized Price of $112,788.Summary
CryptoQuant data indicates that large Bitcoin investors, or whales, have returned to profitability because the market price has risen above the "New Whales Realized Price" of $112,788. This metric tracks the average acquisition cost for newer large-scale Bitcoin holders, signaling when they are above or below their break-even point. The report highlights a divergence in market sentiment, as whales have been actively accumulating positions during periods of low crowd sentiment, often coinciding with retail investors engaging in panic selling.
(Source：Crypto Briefing)