Cryptocurrency analytics firm CryptoQuant has unveiled a fresh analysis highlighting the growing dominance of “new whales” in the Bitcoin market, with their share of realized capitalization among large holders now reaching 60%.
According to CryptoQuant, “new whales” are defined as entities holding over 1,000 BTC acquired within the last 155 days. These participants contrast with “old whales” (long-term holders with >1,000 BTC), who typically adhere to passive, multi-year strategies. New whales, however, are more reactive to market fluctuations, frequently trading during phases of accumulation, growth, or profit-taking.
The report reveals that new whales’ share of the total realized capitalization among large players has surged by 43% since Bitcoin’s price climbed to $55,000, now accounting for 60% of this segment. This spike signals heightened optimism and aggressive entry into the market by institutional or high-net-worth investors.
CryptoQuant notes that new whale activity often serves as a sentiment indicator. Their growing dominance suggests confidence in Bitcoin’s near-term upside, aligning with bullish trends. Conversely, reduced activity from this cohort could signal caution during periods of volatility or macroeconomic uncertainty.
“The rising share of new whales reflects their outsized impact on current price action,” the report states. “Their trading patterns are now critical to understanding short-term market movements.”
