Comparison of base costs vs. Bitcoin's current price (~$60,000):
đł New Whales (<155 days):
Base Cost: $62,038, down by 3.28% with BTC at $60,000.
Trend: Despite the decline, new whales are still accumulating, showing long-term confidence in Bitcoin.
đ Old Whales (>155 days):
Base Cost: $27,843, up 115.54%.
Trend: Even with major profits, old whales hold, expecting further price increases.
âïž Miners:
Base Cost: $43,179, giving a 38.91% profit.
Trend: Though in profit, no signs of mass selling, suggesting they may hold or gradually sell.
đ Binance Traders:
Base Cost: $55,471, with an 8.17% profit.
Trend: Traders are more likely to realize profits quickly, contributing to short-term volatility.
đ Overall Conclusions:
Old Whales: Holding, indicating minimal selling pressure.
New Whales: Still buying at high prices, showing optimism for future gains.
No Panic Selling: Miners and traders have realized profits, but thereâs no mass sell-off, pointing to short-term stability.
đ Final Takeaway:
New whales and Binance traders are actively buying, while old whales continue to hold. This mix could signal market stability and potential price growth.
Written by IT Tech
