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Bitcoinist
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As Bitcoin Halves, On-Chain Data Shows That Old Whales And Miners Are Big Winners
- Seasoned Bitcoin investors, known as old whales, have seen a 223% increase in unrealized profits.
- New whales, who entered the market through traditional finance and ETFs, have seen a 1.6% increase in unrealized profits.
- Small miners saw a 131% increase in unrealized profits, while big miners saw an 81% increase.
- Hash rate will be a crucial metric to watch post-halving, as it may lead to miner centralization if prices drop.
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