Fresh Bitcoin whales invest over $100 billion, signaling market transformation
The amount invested by new Bitcoin (BTC) whales is up 13x this year to nearly $108 billion on Oct. 6, according to CryptoQuant data.
The investment made by new whales represents 48.8% of Bitcoin’s total realized cap, almost reaching the $113 billion paid by “old whales.” Notably, this is the highest amount spent by these investors in absolute numbers.
Realized cap is a metric that calculates the value of each Bitcoin’s unspent transaction output (UTXO) considering its price when it was last moved. This is commonly used to gauge how much value is stored in Bitcoin.
Moreover, the relative participation of new whales in the total realized cap registered on Oct. 6 marks a new all-time high. The previous record was registered on May…
