CryptoQuant, a cryptocurrency analytics firm, has assessed the activity of Bitcoin whales and other holders. Despite the price drop to $58,000, whales remain confident in the long-term prospects of Bitcoin. New whales, who have held BTC for less than 155 days, continue to accumulate despite being down 6.53%. Old whales, holding for more than 155 days, have a 108.36% profit and are still holding, suggesting they expect further price increases. Miners, making a 38.91% profit, have not sold off in large numbers, indicating they may expect higher prices. Binance traders, with an 8.17% profit, have not triggered major sell-offs. Overall, the market remains stable in the short term with optimism about Bitcoin's future growth.
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