{"id":17016,"date":"2024-09-17T10:01:00","date_gmt":"2024-09-17T07:01:00","guid":{"rendered":"https:\/\/forklog.com\/en\/insights-on-whale-and-bitcoin-trader-profits-on-binance\/"},"modified":"2024-09-17T10:01:00","modified_gmt":"2024-09-17T07:01:00","slug":"insights-on-whale-and-bitcoin-trader-profits-on-binance","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/insights-on-whale-and-bitcoin-trader-profits-on-binance\/","title":{"rendered":"Insights on Whale and Bitcoin Trader Profits on Binance"},"content":{"rendered":"<p>&#8220;Traders on Binance and new whales are actively buying, while old ones continue to hold,&#8221; noted on-chain analyst and CryptoQuant author known as IT Tech. He also discussed the investment profits in the leading cryptocurrency among various market participants.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> Base Cost Analysis: Whales vs. New Investors<\/p>\n<p>\u201cNew whales and Binance traders are actively buying, while old whales continue to hold. This mix could signal market stability and potential price growth.\u201d \u2013 By <a href=\"https:\/\/twitter.com\/IT_Tech_PL?ref_src=twsrc%5Etfw\">@IT_Tech_PL<\/a><\/p>\n<p>Link ?<a href=\"https:\/\/t.co\/thpqa7G5YK\">https:\/\/t.co\/thpqa7G5YK<\/a> <a href=\"https:\/\/t.co\/Ro9RqghleU\">pic.twitter.com\/Ro9RqghleU<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/1835727094816362695?ref_src=twsrc%5Etfw\">September 16, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to his observations, <strong>&#8220;new whales&#8221;<\/strong>, holding bitcoin for less than 155 days, purchased coins at an average price of $62,038. Their unrealized loss amounts to 3.28% with the digital gold price at $60,000.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;Despite the decline, new whales continue to accumulate [coins], demonstrating long-term confidence in bitcoin,&#8221; noted IT Tech.<\/cite><\/p><\/blockquote>\n<p><strong><span data-descr=\"holding bitcoin for more than 155 days\" class=\"old_tooltip\">&#8220;Old whales&#8221;<\/span><\/strong>, on the other hand, are in significant profit \u2014 115.54%. The base purchase cost for this category is $27,843.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;Despite significant profits, old whales are holding, anticipating further price growth,&#8221; commented the expert.<\/cite><\/p><\/blockquote>\n<p><strong>Miners<\/strong> bought bitcoin at an average of $43,179, indicating an unrealized financial result of 38.91%. According to IT Tech, there is no tendency among these market participants for massive sales \u2014 rather a trend towards accumulation, or a scenario of gradual position reduction.<\/p>\n<p>The average figure for <strong>traders on Binance<\/strong> is 8.17% with a base purchase cost of $55,471.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;Traders are more inclined towards quick profits, contributing to short-term volatility,&#8221; commented the analyst.<\/cite><\/p><\/blockquote>\n<p>Based on IT Tech&#8217;s observations, the current situation indicates market stability and potential price growth for the leading cryptocurrency.<\/p>\n<p>Earlier, WeRate co-founder Quinten Francois suggested that the bull market could &#8220;restart&#8221; as early as the beginning of October.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Traders on Binance and new whales are actively buying, while old ones continue to hold,&#8221; noted on-chain analyst and CryptoQuant author known as IT Tech. He also discussed the investment profits in the leading cryptocurrency among various market participants.<\/p>\n","protected":false},"author":1,"featured_media":17015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1268],"class_list":["post-17016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17016"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17015"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}