Bitcoin’s New Whales ↓ 

Bitcoins-New-Whales

• During the latest market drop, the UPR of Bitcoin’s New Whales reached -0.30.

• The last time that the indicator reached this level after an ATH was in June 2022.

• The difference lies in the speed, not the intensity. In 2022, from the moment the UPR turned negative, it took less than one and a half months to reach -0.30 (due to the collapse of Luna, 3AC, etc.), whereas now it has taken more than three months to reach this level. This time, it was more gradual, not a sharp crash.

• Indicator: UPR for New Whales (by Ki Young Ju, CEO of CQ).