New whales now account for 1/3 of Bitcoin’s whale realized cap as on-chain indicators point BTC’s target at $89,000
Photo: ZyCrypto
New Bitcoin whales now control one-third (33%) of the BTC realized market capitalization held by whales, according to new data findings shared today by CryptoQuant analysts. Since September, the realized market cap of new Bitcoin whales has grown steadily, and new whales have significantly contributed to BTC price stability, according to the report. Despite the increase in new Bitcoin whales , the data revealed that old whales have remained largely unchanged. According to the CryptoQuant data, the realized market cap of new Bitcoin whales is now $78.61 billion, while that of old whales currently stands at $159.15 billion.
Source: ZyCrypto
