New Bitcoin Whales Near 50% of Realized Cap, Reset Cost Base: CryptoQuant

CryptoQuant data shows addresses labeled as new Bitcoin whales now represent almost 50% of Bitcoin’s realized cap, a level that seldom topped 22% before 2025. Analysts add that short‑term holder supply grew by roughly 100,000 BTC in 30 days, while exchange flows indicate around 37% of BTC sent to Binance came from 1,000–10,000 BTC wallets.