New Whales Are Feeling the Heat Since Oct 28, Bitcoin has traded below the average cost basis of new whales (~110.8K), triggering significant realized losses: Nov 4: -286.4M Nov 5: -90.7M Nov 6: -107.5M Nov 7: -515.1M Nov 8: -5.1M The lower Bitcoin prices are building pressure on this cohort.(CryptoQuant.com)