New Bitcoin Whales Are ‘Underwater’: Analyst Expects High Volatility

The market-wide uncertainty and bearish selloff with high liquidations doesn’t seem to be over yet. And now, new Bitcoin whales will likely take the volatility a step further. CryptoQuant CEO Ki Young Ju shared the unrealized profit ratio chart for new Bitcoin whales, which just turned into the loss zone, in an X post on Tuesday, Oct. 14. According to the data, new Bitcoin whales have started to see unrealized losses as the asset plunged from its all-time high of $126,198. “Volatility is coming,” Young J ...