Summary
- CryptoQuant stated that the realized profit ratio of Bitcoin whales suggests potential for further price increases.
- It is noteworthy that realized profits have not yet started in earnest in whale wallets.
- This is interpreted to mean that whales do not see the current Bitcoin price as the peak and are waiting for further increases.
An analysis has emerged suggesting that the realized profit ratio of Bitcoin whales indicates the potential for further price increases.
On the 15th, a contributor to the on-chain data analysis platform CryptoQuant, 'CryptoOnchain', stated, "The realized profit ratio of Bitcoin is an important indicator for determining whether whales are realizing profits and exiting the market in the cryptocurrency sector."
They continued, "Looking at the realized profits of whale wallets holding 1,000 to 10,000 Bitcoins, it is evident that the profit realization process has not yet started in earnest," adding, "This means that from the whales' perspective, the current price is not yet the peak. In other words, whales are waiting for further increases in Bitcoin."
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
