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CryptoQuant, a leading cryptocurrency analytics firm, has shared its latest assessment of Bitcoin whale activity, highlighting the contrasting behaviors between new and old investors, miners, and traders. 
The report shows that despite Bitcoin’s price dropping to $58,000, whales and other notable holders remain confident in the asset’s long-term prospects. 
The analysis compares the underlying costs of different Bitcoin holders to the current price of $58,000: 
New Whales (holding BTC for less than 155 days): With their underlying cost of $62,038, these investors are currently down 6.53%. However, despite this decline, new whales continue to accumulate Bitcoin, demonstrating their long-term belief in the future growth of the cryptocurrency. 
Old Whales (holding for more than 155 days): These experienced traders have a base cost of $27,843, giving them a 108.36% profit. Despite the significant gains, the fact that old whales are still holding suggests that they expect the Bitcoin price to rise further, according to the analytics firm. 
Miners: With a base cost of $43,179, Bitcoin miners are currently making a 38.91% profit. Despite their profitability, CryptoQuant reports that there are no signs of a mass sell-off from this group, suggesting that miners may expect higher prices or opt for gradual sales. 
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Binance Traders: The base cost for active traders on Binance is $55,471, which puts them at 8.17% profit. While traders are more likely to make quick profits by contributing to short-term market fluctuations, CryptoQuant notes that this has not triggered major sell-offs and has maintained overall market stability. 
CryptoQuant concludes that old whales are holding their positions, minimizing selling pressure. At the same time, new whales and Binance traders are actively buying, indicating optimism about Bitcoin’s future growth. The absence of panic selling by miners and traders indicates a stable market in the short term, according to the analytics company. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/analytics-company-reveals-at-what-price-did-old-and-new-big-whales-buy-bitcoin-are-they-profiting-or-losing/">Analytics Company Reveals: At What Price Did Old and New Big Whales Buy Bitcoin, Are They Profiting or Losing?</a>

Analytics Company Reveals: At What Price Did Old and New Big Whales Buy Bitcoin, Are They Profiting or Losing?

Bitcoin Sistemi EN

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