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Newbie Bitcoin Whales Now Control 44% Of Realized Cap, Highest Ever
Recent on-chain data indicates that short-term Bitcoin whale holders have increased their share of the Realized Cap to a new all-time high.
Bitcoin Whale Activity Overview
- The Realized Cap measures the total capital invested in Bitcoin by its holders.
- Bitcoin whales are entities holding more than 1,000 BTC.
- Short-term holder (STH) whales acquired their coins within the last 155 days. Long-term holder (LTH) whales have held longer.

- STH whales' dominance in the Bitcoin Realized Cap has reached 44%, indicating significant new capital influx over the past 155 days.
- This is the highest ever recorded, surpassing the 31% peak during the 2021 bull run.
- STH whales gain dominance through coin transfers at higher prices and LTH whale selling.
- LTH whales typically sell during bull runs, transferring coins as demand rises.
Market Implications
- The current trend suggests robust fresh capital entering Bitcoin, but future sustainability remains uncertain.
BTC Price Update
- Bitcoin's price remains around $111,400 following recent market turbulence.
