CryptoQuant Research Head: New Bitcoin Whale Has Realized Losses of $1 Billion in the Past Two Weeks

CryptoQuant Research Director Julio Moreno posted on X that data shows the new "bitcoin whales" have realized losses of $1 billion in the past two weeks. Previously, the group turned a profit in Q1. Additionally, longtime whales (Old whales) made a profit in early June. Long-term whales are defined as those with an average UTXO age of more than 155 days (or short-term whales if less than 155 days); balances of more than 1,000 BTC; and no affiliation with CEX or a mining company.