$BTC
The new Bitcoin whales now hold the majority of the capital
$BTC | Weekly Whale Watch
$BTC #USDT。 +2.60%
A report on-chain from CryptoQuant shows that "new" short-term whales now own 52.4% of the realized value of Bitcoin whales, surpassing long-term holders for the first time.
Bitcoin is trading near $96,800, partially driven by new capital entering the market at high price levels.
The new Bitcoin whales collectively hold more assets than long-term holders.
The realized value evaluates each Bitcoin at the price it last moved on-chain. CryptoQuant analyst J.A. Marton explains that addresses active over the past 155 days are considered new whales.
At the same time, those dormant addresses are no longer considered old whales.
The average cost of new whales is $91,922, compared to $31,765 for old whales. This shift represents a historic change in capital distribution among whales.
