Analyst: New whales achieved a record profit of 1.2 billion dollars after Bitcoin returned to its cost price
According to CryptoQuant analyst MorenoDV_, after Bitcoin rebounded above the new whale cost basis of around $70,000, new whales realized profits reaching a record $1.2 billion.
If Bitcoin can maintain above the new whale cost basis of around $70,000, while realized profits return to normal, it will indicate that new demand is effectively absorbing market selling pressure.
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