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.
