Large entities have returned to profit.
Small wallets have remained profitable throughout: at the June low, $BTC stayed well above their cost basis of $48,000, while large investors and whales experienced sharp declines.
During the 2022 bear market, the price fell below the cost basis of every cohort.
Small wallets have remained profitable throughout: at the June low, $BTC stayed well above their cost basis of $48,000, while large investors and whales experienced sharp declines.
During the 2022 bear market, the price fell below the cost basis of every cohort.