Bitcoin Steady at $115,000 Amid Signs of Potential Market Shifts

Bitcoin (BTC) is currently stable around the $115,000 level after being rejected from $120,000. Realized price data indicates potential volatility ahead.

Old Bitcoin Whales Stop Realizing Gains

Old whales, holders for over a year, have ceased profit-taking.
Newer whales, including institutional investors, hold a marginal profit.
Current balance between old and new capital may not sustain, risking price changes.
Old whales' realized cap has flattened since early 2025, waiting for higher prices.
New whales' average cost basis is $105,300; selling pressure could arise if BTC drops below this level.

Minimal activity is observed among both investor groups. A breakout above $105,000 may stabilize new capital, while a drop below could lead to increased selling pressure. Current BTC price is $113,500, down 0.3% in the last 24 hours.

Concerns include rising BTC deposits to exchanges like Binance, suggesting potential selling pressure.