According to Odaily Planet Daily, Julio Moreno, head of research at CryptoQuant, said that data showed that new "Bitcoin whales" had realized losses of $1 billion in the past two weeks, while during Q1, the group achieved profits. On the other hand, long-term coin-holding whales achieved profits in early June. The definition of long-term coin-holding whales is: 1. The average UTXO age is more than 155 days (if less than 155 days, it is a short-term coin-holding whale); 2. The balance exceeds 1,000 BTC; 3. No connection with CEX or mining companies.