Ah, the illustrious Bitcoin! Like a capricious diva, it flirts with the $120,000 mark, only to retreat to the cozy embrace of $115,000, as if it were a well-worn armchair. But lo and behold! The realized price data whispers ominously, hinting that this calm facade may soon shatter like a cheap mirror in a second-rate theater.
The Old Whales’ Retirement Party
In a recent missive from the oracle known as CryptoQuant, our dear contributor Kripto Mevsimi has unveiled a curious spectacle: the old whales, those grand titans of the crypto sea, have decided to take a nap instead of cashing in their treasures. Meanwhile, the fresh-faced newcomers, the new whales, are basking in the sun, albeit with only a smidgen of profit to show for their efforts.
Now, let us clarify: the old whales are those who have clutched their Bitcoin for over a year, while the new whales, bless their eager hearts, have only recently dipped their toes into this turbulent ocean of digital currency.
Kripto Mevsimi warns us that the delicate balance between these two factions may soon tip. A decisive move in either direction could send Bitcoin tumbling into a new price abyss-or perhaps soaring to heights previously unimagined!
Behold the chart below, a visual feast that illustrates the old whales’ realized cap rising steadily from 2022 to 2024, like a fine wine aging in a cellar. This quiet distribution phase, however, has now reached a plateau, as if the old whales are waiting for a more opulent banquet before they feast again.
Since the dawn of 2025, the realized cap for these ancient mariners has flattened, signaling a pause in their profit-taking escapades. With an average cost basis of $39,400, they sit comfortably in their golden thrones, biding their time for a more lucrative opportunity.
In stark contrast, the new whales, with their average cost basis of $105,300, are perched precariously on the edge of a cliff, their psychological breakeven point looming like a specter. As long as Bitcoin remains above this threshold, they are unlikely to unleash a torrent of selling. But should the price dip below, oh dear! Panic may ensue, and the new whales could scatter like startled pigeons.
Keep Your Eyes Peeled for Realized Price
It is worth noting that recent activity has been as scarce as a good cup of coffee in a cheap diner. Both old and new whales seem to be in a state of suspended animation. As our wise analyst puts it:
Old whales are idle. New whales are exposed. Neither is pressing the market – yet. But once the range breaks, the reaction could be sharp.
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2025-08-06 03:06