New whales now control a larger share of bitcoin’s realized cap than long-term “OG” whales, according to recent on-chain data. Unlike the old guard, which maintains a lower cost basis of around $40,000, these newcomers reportedly entered the market at much higher levels, with an average cost basis of approximately $98,000. The New Guardians of […]The $6 Billion Gap: Why New Institutional Whales Are Defining BTC Price Action
New whales now control a larger share of bitcoin’s realized cap than long-term “OG” whales, according to recent on-chain data. Unlike the old guard, which maintains a lower cost basis of around $40,000, these newcomers reportedly entered the market at much higher levels, with an average cost basis of approximately $98,000. The New Guardians of […]