Bitcoin Whales Return to Profit, Easing ‘Sell in May’ Concerns | Weekly Whale Watch

Bitcoin’s price jumped over 12% last week to reach $96,500, surpassing the average purchase price of “short-term whales”—large holders who bought Bitcoin within the last six months.   CryptoQuant analyst JA Maartunn told BeInCrypto that these whales have reclaimed their break-even level of $90,890. It means they are now in profit and less likely to sell, which adds stability to the market. Short-Term Bitcoin Whales Return to Profit Short-term whales are addresses that have held Bitcoin for under six months source: https://beincrypto.com/short-term-bitcoin-whales-back-in-profit/