Bitcoin whale unrealized gains hit record levels, raising sell-side risk
CryptoQuant data cited by TradingView News says short-term holder whales’ unrealized profits have reached record levels, boosting sell-side risk sentiment as those gains are elevated.
Bitcoin whales have more reason to sell than at any point in Bitcoin’s recent history as their unrealized profits reached record levels. Key points: Short-term holder whales are sitting on large unrealized gains. Data from onchain analytics platform CryptoQuant shows newer whale investors currently hold unrealized profits at record highs.