PANews reported on July 10 that Julio Moreno, head of research at CryptoQuant, said on the X platform that new Bitcoin whales have realized a $1 billion loss in the past two weeks, after making profits when they sold in the first quarter. Old whales made profits in early June. Data shows that new whales made a lot of profits in March, while old whales cashed in profits in early June.

Earlier today, CryptoQuant CEO said: The capitulation of Bitcoin miners is still continuing, and the crypto market is expected to be relatively flat in the next 2-3 months.