The post CryptoQuant reports Bitcoin whales back in profit at $112,788 appeared on BitcoinEthereumNews.com. Key Takeaways According to CryptoQuant, Bitcoin whales are back in profit as the market price has risen above the “New Whales Realized Price” of $112,788. The ‘New Whales Realized Price’ metric is a valuable indicator, tracking when large new Bitcoin holders are above or below profitability. Bitcoin whales have returned to profitability as the cryptocurrency reached $112,788, with CryptoQuant’s New Whales Realized Price metric indicating these large holders are now above their average acquisition costs. The metric tracks the average price at which newer large-scale Bitcoin holders acquired their positions, serving as a key indicator of whale profitability levels. Bitcoin whales have been actively accumulating during periods of low crowd sentiment, positioning for potential market reversals. Recent on-chain data shows these large holders increasing their positions while retail investors exhibit panic selling behaviors, indicating a divergence in market psychology. Whale activity has shown increased buying on exchanges, with these influential market participants continuing to build holdings amid retail sell-offs. Source: https://cryptobriefing.com/cryptoquant-bitcoin-whale-profit-112788/The post CryptoQuant reports Bitcoin whales back in profit at $112,788 appeared on BitcoinEthereumNews.com. Key Takeaways According to CryptoQuant, Bitcoin whales are back in profit as the market price has risen above the “New Whales Realized Price” of $112,788. The ‘New Whales Realized Price’ metric is a valuable indicator, tracking when large new Bitcoin holders are above or below profitability. Bitcoin whales have returned to profitability as the cryptocurrency reached $112,788, with CryptoQuant’s New Whales Realized Price metric indicating these large holders are now above their average acquisition costs. The metric tracks the average price at which newer large-scale Bitcoin holders acquired their positions, serving as a key indicator of whale profitability levels. Bitcoin whales have been actively accumulating during periods of low crowd sentiment, positioning for potential market reversals. Recent on-chain data shows these large holders increasing their positions while retail investors exhibit panic selling behaviors, indicating a divergence in market psychology. Whale activity has shown increased buying on exchanges, with these influential market participants continuing to build holdings amid retail sell-offs. Source: https://cryptobriefing.com/cryptoquant-bitcoin-whale-profit-112788/