As per NewsBTC, on-chain data reveals that Bitcoin's new whales—holders of at least 1,000 BTC acquired within the past 155 days—have been selling at a loss amid recent price declines. In contrast, old whales, who hold BTC for longer periods, have remained largely inactive. Analyst Maartunn noted that the new whales' loss realization has increased, while the old whales' selling activity has been minimal. The trend suggests that inexperienced investors are capitulating, while long-term holders remain resolute. Additionally, Bitcoin's price has rebounded above $92,300, nearing a key on-chain resistance level at $112,300.
Bitcoin New Whales Realize Losses, Old Whales Remain Passive
NewsBTCShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.