As Bitcoin Halves, On-Chain Data Shows That Old Whales And Miners Are Big Winners

As Bitcoin Halves, On-Chain Data Shows That Old Whales And Miners Are Big Winners
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As Bitcoin halves and ushers in the fifth epoch in April, Ki Young Ju, the founder of the crypto analytics platform CryptoQuant, has unveiled some interesting profitability statistics for various entities. Ju took X to highlight the unrealized profits across different investor groups, unveiling a clear winner: old whales.
Bitcoin Rewards Old Whales, Miners
According to the data, seasoned Bitcoin investors, often called “old whales,” have seen a staggering 223% increase in unrealized profits. This suggests that their long-term holding strategy has paid off handsomely, with rising prices over the years and months significantly boosting their holdings.
At the same time, investors entering the market through traditional finance (TradFi) and exchange-traded funds (ETFs), categorized as “new whales,” have seen a more modest increase of 1.6% in unrealized profits. This could be attributed to their shorter investment timeframe and lower average cost basis than old whales

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We współpracy z: https://bitcoinist.com/bitcoin-halves-old-whales-miners-big-winners/

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