Short-term Bitcoin whales sit on 22% unrealized losses as long-term holders stay in profit above $41,626

On a Tuesday when Bitcoin traded under $68,000, data showed that short-term whale addresses are carrying net unrealized losses of 22% while long-term whales remain profitable above a realized price of $41,626. Large-holder inflows to Binance have climbed in February, and on-chain metrics suggest current conditions look more like a redistribution phase than a full-scale capitulation among veteran holders.