Bitcoin Price Soars High With New Whales Entering In Market

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  • New Whales now hold 60% of total realized capitalization, reflecting optimism.
  • U.S. entities are increasing their Bitcoin holdings, signaling a strong bull market.
  • Bitcoin’s correlation with the U.S. stock market remains robust.

Bitcoin price returns have outpaced most assets, drawing the attention of numerous whales. This emergence of new whales has garnered significant interest in the market.

Also, a surge in Bitcoin inflows to whale wallets signals accumulation, likely from OTC trades, that’s been happening. The optimism has increased with each passing week in 2025, as many experts like VanEck, Bitwise, and several other giant experts gave humongous targets in December 2024.

Despite Bitcoin reaching a recent all-time high of $109,000, several believe this is a waypoint on a much larger journey. Per CryptoQuant’s recent analysis, the current price cycle for BTC price shows no signs of having peaked in a bull market.

Source: X

The data revealed that new investor activity, a crucial indicator of market tops, remained below historical highs. This suggested that Bitcoin still has room for growth as it enters a phase of heightened market activity.

Moreover, the number of U.S. entities holding Bitcoin continues to rise, outpacing holdings by non-U.S. entities. This further indicated that the bull market is far from over. Experts also noted that Bitcoin strongly correlates with the U.S. stock market.

New Whales Shows Optimism WIth Bitcoin Age Under 155 Days Jumped To 60%

It is conceptually evident that new whales are market players with more than 1,000 BTC. However, their Bitcoin holding age is less than 155 days. It varies from its Old Whale counterparts, who frequently seek long-term goals.

Source: X

These new Whales are more active traders, responding swiftly to market fluctuations. Based on this theory, the Realized capitalization charts showed the influence distribution between Old and New Whales.

Per CryptoQuant Data, whales with STH significantly increased their percentage of total realized capitalization among LTH’s large players. This began to accelerate when the Bitcoin price hit $55,000.

Since then, their representation has surged by 43%, which now comprises 60% of the total realized capitalization of large players. This trend underscores their active entry into the market amid a wave of optimism.

source: x

Moreover, the addresses of these new Whales reflected a growing institutional adoption. Many now view Bitcoin as a traditional asset class, aligning its performance with U.S. market trends.

This bull run has coincided with increased participation from U.S. entities. This included exchanges, banks, and funds.

Consequently, the BTC price was closely correlated with the U.S. stock market. With Donald Trump back in leadership, expectations of relaxed regulations could accelerate its adoption.

source: x

In addition, the 47th president recently signed his EOs that influenced the US SEC to repeal SAB 121. Institutions are no longer required to show cryptos fair value on balance sheets. This has further solidified Bitcoin’s status as a recognized asset class among institutional investors.

The signed EOs have also established a working group under David’s leadership to boost innovation and to keep cryptos onshore. This is why the percentage of Bitcoin holdings by U.S. entities continues to rise relative to that of non-U.S. entities.

Bitcoin Price Has Not Attained A Peak Yet

Research from CryptoQuant indicated that new investor participation significantly boosts transaction rates during rising Bitcoin markets. This influx of market newcomers, driven by FOMO, has led to a surge in young unspent transaction outputs (UTXOs).

Recent data showed that Bitcoin stakes have been active for less than three months now. It accounted for over half of all unspent transaction outputs. However, the ratio of young UTXOs has dropped well below the 70% threshold established during market peaks in 2013, 2017, and 2021.

According to CryptoQuant, active market behaviors suggested increasing participation. However, it remained below the peak indicators in previous bull runs. Market experts interpret this trend as a sign that BTC has room to grow before reaching a critical point of market explosion.

Source: X

Based on its current market status, the price of Bitcoin is outside its crucial market phase. This further suggested the potential for further upward movement.

Why Analyst Views Bitcoin Bullish Cycle Ongoing?

Recently, an analyst posted an analysis on X, supporting a bullish momentum extension for the BTC price. He highlighted his bullish hints via a glass node chart. He used a metric called ” Bitcoin: cycle change detection via drilling methods.”

Based on that chart, he explained why BTC is still having its current cycle ongoing. The chart utilized 5 sub-metrics to define the previous historical cycle shifts.

Source: X

He said the price rose from the floor to the top detection level every time the cycle moved. To do that, it surpassed 2.4x the 200-day SMA. The analyst believes the target is around $184600 for this shift.

Disclaimer

In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

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