Analyst:BTC New whales’ share of realized cap rose to 33.06%, with the cost basis recovering to approximately 77000 USD

Article

🔍 On-Chain Detective | Analyst:BTC New whales’ share of realized cap rose to 1/3, with the price stabilizing above 77000 USD the cost basis as a key level

BlockBeats reports that October 16, analyst MorenoDV, citing CryptoQuant data, said that Bitcoin’s bear market reshaped the capital structure of its largest holders. New whales now account for approximately one-third of the total realized cap held by whales, making recent large holders increasingly important to the recovery.

As of October 15 new whales held 78610000000 USD in realized cap, while old whales held 159150000000 USD: a share of 33.06%, up from approximately 2026 at the beginning of 18%the year. This measures the value when the tokens last moved on-chain, rather than their share of the BTC supply.

This increase is not merely a shift in relative weighting. Since September realized cap held by new whales has continued to rise, while the realized cap held by old whales has remained broadly stable. Therefore, recent expansion has been concentrated among the younger cohort.

The realized price chart provides data support for this view. New whales’ aggregate cost basis fell from approximately 110000 USD near the previous cycle peak to approximately August at the market bottom, then recovered to approximately 68000 USD. This is consistent with holdings being repriced at lower levels during the downturn and then re-engaging as prices recovered.

The data shows that whales accumulated during market weakness and continued into the recovery phase. This resembles the countercyclical positioning adopted by strong hands, although cohort turnover and transfers mean that growth in realized cap cannot be equated with an equal amount of new cash inflows.

Original link 77000 USD https://m.theblockbeats.info/flash/372269

Key points

As of October 15 new whales held 78610000000 USD in realized cap, while old whales held 159150000000 USD。
New whales accounted for 33.06%of the total realized cap held by whales, up from approximately 2026 at the beginning of the year 18%。
New whales’ aggregate cost basis fell from approximately 110000 USD to approximately August at the bottom, then recovered to approximately 68000 USD 77000 USD。
The article states that whales accumulated during market weakness and continued into the recovery phase.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

Realized cap is calculated based on the value when tokens last moved on-chain and is not equal to the BTC share of supply. The recovery in new whales’ cost basis means that the holding costs of recent large holders have risen; however, growth in realized cap cannot be equated with an equal amount of new cash inflows.

Why it matters to readers

approximately 77000 USD is considered the new whales’ cost basis, and BTC whether it can stabilize at this level is a key focus for subsequent monitoring.

This is an on-chain data analysis and does not mean that BTC will necessarily rise. Beginners should distinguish among realized cap, cost basis, and actual capital inflows.

Risks and unknowns

The content is an analyst’s interpretation of CryptoQuant data; the evidence does not provide a data link that can be independently verified.
Growth in realized cap may be affected by cohort turnover and transfers and cannot be equated with an equal amount of new cash inflows.
The evidence does not confirm BTC whether it can subsequently stabilize at approximately 77000 USD, nor does it confirm whether new whales are continuing to accumulate.

Analyst:BTC New whales’ share of realized cap rose to 33.06%, with the cost basis recovering to approximately 77000 USD

Article

AI-assisted interpretation

Why it matters to readers

Risks and unknowns

Related Developments

Related concepts

Keep following

Security Center