CandleFocus

Fresh Bitcoin whales invest over $100 billion, signaling market transformation

New Bitcoin whales, defined as addresses holding over 1,000 BTC for less than 155 days, have invested nearly $108 billion this year, up 13 times from last year, according to CryptoQuant data. This represents 48.8% of Bitcoin's total realized cap. The relative participation of new whales in the total realized cap is also at an all-time high. The CEO of CryptoQuant expects the realized cap of new whales to surpass that of older whales soon. Additionally, the number of active addresses in the Bitcoin network has broken an 11-month downtrend, indicating organic network growth and adoption. However, the predictive power of active addresses has diminished in recent years. Short-term holders' sentiment and futures contracts' open interest suggest speculation and vulnerability to volatility.

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