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.

Bitcoin Whale Realized Cap

  • 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.

Bitcoin Price Chart