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Bitcoin short-term whales\' unrealised gains halve; analyst cites \'moderately negative\' signal

Bitcoin short-term whales\' unrealised gains fell 53 percent over the past month, data showed. On-chain analyst Axel Adler Jr said the mark-to-market profit of short-term large holders declined to $4.6 billion on Oct. 20 from $9.8 billion on Sept. 22. Exchange inflows also rose, with whales moving 10,605 BTC to exchanges on Oct. 20, the largest since Oct. 8. Adler called the combination a “moderately negative” signal.