CryptoQuant: New Bitcoin whales have incurred losses of up to 1 billion USD in the past two weeks

Julio Moreno, the research director of CryptoQuant, stated that data shows new Bitcoin whales have incurred losses of up to 1 billion US dollars in the past two weeks.

Previously, this group had made a profit in Q1. In addition, long-term holding whales (Old Whales) made a profit at the beginning of June. The definition of long-term holding whales is as follows:

1. The average UTXO age exceeds 155 days (if less than 155 days, it is considered short-term holding whale);
2. Balance exceeds 1000 BTC;
3. No association with CEX or mining companies.