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Bitcoin whale speculators see unrealized gains peak near $9B
Data going back to 2016 shows unrealized gains by whale speculators hit their highest level last week, Cointelegraph reports.
Unrealized gains by Bitcoin whale speculators have reached their highest level on record, according to data cited by Cointelegraph.
The outlet reports that the whale cohort’s unrealized gains rose to about $9 billion last week, using historical data that goes back to 2016.
Cointelegraph frames the move as a potential sell side risk as gains remain elevated among large holders.
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