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- #Will BTC Hit a New High?#
BTC has broken past $100,000 and is now consolidating near its peak. What’s your outlook on the next move? With bullish sentiment on the rise, could BTC reach a new all-time high?
#Crypto Market Rebounds#
The crypto market is rallying across the board — altcoins are gaining momentum, and Memecoins are heating up! 🔥MOODENG is up over 100%, while PNUT and VIRTUAL have each gained more than 45%. The total crypto market cap has now exceeded $3.22 trillion!
What’s next for the market? Which rebound tokens are you most bullish on?
Post your insights and trading strategie
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#BitcoinStrategicReserveAct# New Bitcoin Whales Now Hold Majority of BTC Capital | Weekly Whale Tracker.
Short-term “New Whales” now hold 52.4% of Bitcoin’s Whale Realized Market Cap, surpassing long-term holders for the first time.
BTC is trading around $96,800, partly due to fresh capital entering the market at high prices.
New Bitcoin Whales Hold More Assets Than Long-Term Investors
Realized market cap values each Bitcoin based on the price it last moved at. Addresses that have been active in the last 155 days are counted as New Whales.
Meanwhile, those that are inactive are no longer considered Old Whales.
The average cost basis for New Whales is $91,922, while the average cost basis for Old Whales is $31,765. This shift marks a historic shift in the distribution of capital among large holders.
From 2015 to late 2019, new Bitcoin whales accounted for less than 5% of the whale’s realized market value as prices rose from $200 to $10,000.
During the bull run of 2020–early 2021, their share rose to 25% as retail investors and institutions entered the market.
The 2021–2022 bear market saw New Whale participation fall below 10%. A recovery in 2023 and early 2024 brought their share back to around 20%.
By mid-2024, Bitcoin’s price rose from $30,000 to $100,000. The chart shows that the New Whale share rose sharply from around 20% to 52.4%.
At the same time, the realized market value held by Old Bitcoin Whales now represents only 47.6%.
What Does This Mean for Bitcoin’s Price Dynamics?
Data today shows that most of Bitcoin’s “big money” holders are those who have recently entered the market at much higher prices. More than half of the whale-level capital is in coins that have moved in the last five months.
Overall, this is a major source of momentum for the BTC market. New whale purchases at $90,000 have pushed BTC toward $97,000. Their demand has driven much of the recent rally.
Also, the average cost of New Whales is around $92,000, so they only have a small unrealized gain. A drop below their cost could trigger a rapid sell-off and add downward pressure. Meanwhile, long-term whales bought at an average of $31,000. They have no reason to sell right now, limiting the supply from that group. Simply put, Bitcoin’s current strength is based on these new, high-cost buyers. If they hold, the uptrend could continue. If they start selling at cost, expect sharper swings.