Last week, Bitcoin experienced a huge sell-off, but most "entities" are still profitable. According to data from research firm Glassnode, most long-term holders aren't interested in selling their coins. It fell as low as $30,000 per coin last week, a 52 percent drop from its all-time peak in April. The number of big whales—wallets that carry 10,000 or more Bitcoin ($382 million in Bitcoin)—has risen from 85 to 90,000. The most significant sell-off in the Bitcoin market has occurred since the March 2020 sell-offs. According to the data, those who were shaken out of the market were mainly those who were new to crypto investing.