#MarketPullback
New Bitcoin Whales Control 45% of BTC Realized Cap — Here’s Why That’s a Problem
Next up, a concerning stat. A new group of Bitcoin whales now control 45% of BTC’s realized cap, but they’re already underwater. These “new whales,” who bought in around $112K, are sitting on losses after BTC slipped to ~$110K, marking their first negative unrealized profit ratio since 2023.
BTC Realized Cap: New vs. Old Whales showing new whales at 45%: JA_Maartun via X
Meanwhile, older whales, who bought much cheaper, are still in profit and offloading into the rally. If new whales panic-sell, it could deepen the current correction; if they hold, the market might stabilize. Either way, whale behavior is set to define Bitcoin’s next move.
BTC
89,809.14
+0.14%