"Short-term Bitcoin (BTC) Whales, Average Purchase Price Around $90,000… Currently at a Loss Compared to Current Price"

Minseung Kang

Summary

Virtual asset analyst Carmelo Alemán stated that short-term Bitcoin investors are seeing losses with the current price lower than the average purchase price.
According to CryptoQuant's report, the realized price of short-term whale investors is $90,159.8, making it difficult to consider them as smart money.
He emphasized that accumulating before a Bitcoin halving is a characteristic of smart money, suggesting that halving could be an important investment signal.

Amid the fluctuations in the virtual asset (cryptocurrency) market, an analysis has emerged that even 'big hand' investors who hold Bitcoin (BTC) short-term are seeing losses.

On the 19th, Carmelo Alemán, an analyst at the virtual asset analysis platform CryptoQuant, stated in a Quicktake report that the realized price of short-term Bitcoin whale investors is $90,159.8, which is higher than the current market price, and diagnosed that "they are currently in a loss zone, making it difficult to consider them 'smart money'."

He explained, "Whether it is smart money depends not on the amount held but on the timing of entry," adding, "Typically, smart money tends to accumulate in the 2-3 year period before a Bitcoin halving." Meanwhile, the last Bitcoin halving occurred in April last year.

Meanwhile, the realized price is an on-chain analysis indicator that divides the realized market cap by the total supply, allowing one to gauge the average purchase price of market participants.

BTC