🐳 Bitcoin Whales: Are They Done Crying or Just Pausing for Snacks? 🍿

by

Oh, look! The Bitcoin newbie whales have decided to stop sobbing into their crypto wallets. 🥺💰 Could this be the end of their dramatic capitulation, or are they just catching their breath before another meltdown? 🍿🎢

Bitcoin Whale Selling: From Drama Queen to Neutral Karen 🧐

In a recent post on X (because where else would crypto drama unfold?), on-chain analytics firm CryptoQuant spilled the tea on how Bitcoin whales have been behaving. 🍵 For those not in the know, “whales” are the big shots holding over 1,000 BTC in their wallets. At today’s rates, that’s a cool $86.7 million. 💸 Yes, they’re basically the Kardashians of the crypto world. 💅

These big fish can move markets with a flick of their tails, so keeping an eye on them is like watching a reality show you can’t look away from. 📈 One way to track their drama is through the Realized Profit/Loss indicator, which basically tells us if they’re laughing all the way to the bank or crying into their lattes. ☕😭

Here’s the deal: positive values mean profit-taking (yay, champagne! 🍾), while negative values mean losses (boo, tissues! 🧻). Whales come in two flavors: New Whales (short-term holders, or STHs, who bought in the last 155 days) and Old Whales (long-term holders, or LTHs, who’ve been HODLing longer than your last relationship). 💔

Behold, the chart CryptoQuant shared, showing the Realized Profit/Loss for these aquatic investors over the last few months:

As you can see, since Bitcoin’s price took a nosedive in October, whales have been swimming in the red. 🩸 New Whales, in particular, have been the stars of this tragedy, with one loss-taking spike hitting $600 million. Ouch. 😖 CryptoQuant noted, “Realized losses from new whales significantly impacted the price drop from $124K to $84K.” Someone get them a participation trophy. 🏆

But here’s the twist: recently, these whales have calmed down. 🐋 Their loss realization has declined as Bitcoin’s price settled into a consolidation phase. Last week, the Realized Profit/Loss even hit neutral for both New and Old Whales. So, are they done selling, or just pausing to snack on caviar? 🍣

Is this the end of whale capitulation? Only time will tell. For now, they’ve hit the pause button-probably to binge-watch The Big Short for the 10th time. 📺

BTC Price: Up, Down, and All Around the Rollercoaster 🎢

Bitcoin started the week with a recovery surge above $90,000, but then it was like, “Nah, I’m good,” and dropped back to $87,000. Classic Bitcoin. 😏

Read More

2025-12-25 04:19