New Bitcoin Whales Sitting On 185% Higher Cost Basis Than HODLer Whales, Data Shows
Bitcoin short-term holder whales have recently entered the market at a cost basis of approximately $91,900, which is three times higher than the long-term holder whales' cost basis of $32,200. The Realized Price metric indicates that short-term holders are currently in profit as the spot price exceeds their acquisition cost. This reflects a significant spread of 185% between the two groups, highlighting increased confidence and fear of missing out (FOMO) among new investors compared to the previous bear market in 2022, where the spread was only 65%. The current demand from new whales may continue to drive this spread, reminiscent of the 2021 bull market peak of 437%. Bitcoin's price has recently reclaimed the $103,000 level amid this recovery rally.
