After the current price rally and the new ATH of the Bitcoin price, new whales are aggressively taking profits (high Realized Profit Ratio), contributing to selling pressure. Meanwhile, old Whales showed minimal selling activity, indicating long-term holding sentiment, and Whales Active 7–30 Days Ago exhibited moderate profit-taking, suggesting cautious participation in the rally.
Net Realized Profit/Loss (NRPL) Signals Caution:
The current price rally has significantly lower NRPL compared to previous 2024–2025 tops, implying weaker profit-taking momentum overall. This divergence hints at a less euphoric market, but also raises flags about sustainability in the near-term.
Price Implications:
-Short-Term: Profit-taking by new whales and moderate activity from recent whales could trigger a correction to cool overheated conditions.
-Mid-Term: Persistent inactivity of old whales and subdued NRPL suggest accumulation phases may support upward momentum after consolidation.
Actionable Insights
-Traders: Monitor NRPL trends and whale cohort activity for confirmation of a pullback (e.g., spike in Old Whale selling or NRPL surge).
-Investors: Use potential dips to accumulate, as structural demand (Old Whale holding) and mid-term fundamentals remain intact.
-Risk Warning: A breakdown below key support levels (e.g., $60K) could accelerate corrections if New Whale selling intensifies.
Chart Highlights
NRPL vs. Price: Current rally lacks the NRPL spikes seen at prior tops (2024–2025), signaling weaker profit realization. Whale Cohorts: New Whale dominance in profit-taking contrasts with Old Whale inactivity—a classic sign of distribution before consolidation.
Conclusion: While short-term correction risks loom, the mid-term outlook stays bullish if Old Whales continue holding and NRPL remains subdued.
Written by Crazzyblockk
