[Analysis: Super Whales' Losses in This Correction Are Significantly Lower Than Before, Core Holdings Remain Firmly Held] BlockBeats News, November 16: On-chain analyst Murphy stated that, against the backdrop of deteriorating market sentiment, the super whale group, which holds massive amounts of tokens, remains relatively composed. On-chain data shows that large wallets holding 1,000–10,000 BTC realized losses of only $80 million (7D-SMA), a figure significantly lower than the levels seen during the two key correction periods in August 2024 and March 2025. The same applies to even larger whale groups. Super whales holding 10,000–100,000 BTC realized losses of approximately $40 million (7D-SMA) during this downturn, which is also significantly lower than the loss levels of the previous two periods. The main funds in this round appear to be more mature and stable in terms of psychological expectations, risk tolerance, and position management, with these core holdings still being firmly held. From the perspective of holding structure, the BTC price remains within the range of $92,000–$117,000, where large holdings are concentrated. The position with the highest number of trapped holdings at $112,000 has only decreased by 11,000 BTC compared to last week, indicating that most of the holdings have been absorbed by long-term funds and are not sensitive to short-term price fluctuations. The largest reduction occurred near $100,000, with a decrease of 102,000 BTC compared to last week, leaving 363,000 BTC remaining. This area represents the most significant short-term selling pressure. The current price of $96,000 has seen an increase of 160,000 BTC compared to last week, with the majority coming from the sell-off of holdings at the $100,000 level.