Cryptocurrency analytics firm CryptoQuant has released a new report revealing the growing influence of “new whales” in the Bitcoin market.
CryptoQuant, a cryptocurrency analytics firm, has released a report highlighting the rising presence of “new whales” in the Bitcoin market.
These large participants, defined as entities holding over 1,000 BTC but having acquired their coins within the past 155 days, now contribute 60% of the realized capital among large Bitcoin investors. This shift indicates the increasing influence of new market participants who engage more actively in trading compared to long-term holders (LTHs), sometimes called “old whales.”
While LTHs typically adopt buy-and-hold strategies, new whales react more readily to market changes, reflecting current trends and sentiment better.
CryptoQuant’s data reveals a substantial increase in new whales, particularly during Bitcoin’s bullish phases. These growth phases commenced when Bitcoin’s price reached $55,000. From that point onward, their share of realized capital among large investors has risen by 43%, now forming the majority.
This escalation denotes a period of market optimism, as new whales usually display heightened activity during phases of accumulation, growth, and profit-taking. Conversely, their footprint shrinks during times of uncertainty or a market downturn.
According to CryptoQuant, monitoring the rate of new whales provides valuable insight into market sentiment, especially among large, recent participants.
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