Bitcoin: New Whales incur significant losses due to trading below average cost

Since October 28th, the price of Bitcoin has remained consistently below the average cost of new whales by approximately $110800, resulting in significant realized losses: $286.4 million on November 4th, $90.7 million on November 5th, $107.5 million on November 6th, $515.1 million on November 7th, and $5.1 million on November 8th. The lower price of Bitcoin puts pressure on this group. （CryptoQuant）