New Bitcoin whales are rewriting BTC’s market structure: Data

Bitcoin’s onchain data reveals new BTC whales with 50% of the realized capital, highlighting a shift in how capital is shaping the market.

Freshly released Bitcoin (BTC) onchain data pointed to a less classic cycle peak or bottom and more toward a structural transition in how capital is entering the market.

Key takeaways:

Nearly 50% of Bitcoin’s realized cap is now attributed to “new whales,” highlighting a structural reset of the network’s cost base.

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