New Bitcoin whales spark sell-side risk as unrealized gains hit $9B
Newer Bitcoin whale investors are sitting on more than $9 billion in unrealized profits, according to CryptoQuant. The short-term holder (STH) whale cohort—wallets holding coins for less than six months—reached a record $9.07 billion in unrealized gains on Sept. 4, the highest level since CryptoQuant began tracking whale profitability in 2016.
Newer Bitcoin whale investors are sitting on more than $9 billion in unrealized profits, according to CryptoQuant. The short-term holder (STH) whale cohort—wallets holding coins for less than six months—reached a record $9.07 billion in unrealized gains on Sept. 4, the highest level since CryptoQuant began tracking whale profitability in 2016.
