Bitcoin Whale Losses Reach Record High, Triggering Accumulation Among Top Holders

A record-breaking number of Bitcoin whales are now facing significant unrealized losses. According to data from CryptoQuant, the group’s holdings have dropped by over $6.95 billion since October 2023, marking the largest unrealized loss for this segment in years. This surge comes as Bitcoin trades around $110,000, a notable decline of 13% from its recent all-time high. Despite these losses, analysts are observing a concerning trend of whale accumulation.