Why New Bitcoin Whales Are Slowing Down The Price Surge (Hint: They’re Taking Your Money)

Ah, Bitcoin… always full of surprises. Despite hitting a glorious new all-time high last week, it just can’t seem to break past the $110,000 barrier. But don’t blame the market, blame the new Bitcoin whales—yes, the same ones who’ve been making a killing while you’ve been holding your breath for that next breakout.

Since April 20, Bitcoin’s price has shot up over 30% from $84,000. Yet, when it hit a peak of $111,970 on May 22, it decided to take a little nap. Guess who’s responsible for this slumber? The new whales, who are happily munching on their profits like there’s no tomorrow. 🐋💰

Are These New Whales Just Crushing Your Dreams?

According to CryptoQuant’s latest research, there’s a clear pattern in play here. It seems that the majority of the profit realization in the past month came from the fresh whales who decided to cash in on this rally. Can’t blame them, really. Who wouldn’t sell when you’re sitting on gains? 🤷‍♂️

More specifically, these whales were buying Bitcoin at an average cost of $91,922. Sounds like a good deal, right?

“When there’s a rally like this, it’s crucial to check whether the profits are coming from new or old whales. Surprise, surprise—82.5% of the profit-taking since April 20th has been from new whales,” said J.A. Maartunn of CryptoQuant.

The data paints a picture of some serious profit-taking by these newcomers. In fact, they’ve realized around $3.21 billion in profits. Old-timers? Only $679 million. It’s almost like the new kids are showing the old guard how it’s done. 🤑

And guess what? All this profit rotation is putting up some serious resistance just below the $112,000 mark. Talk about a roadblock. 🚧

Here’s the chart from CryptoQuant, showing how these new whales have been having a field day since late April. Notice the blue bars? Yep, that’s them flexing their muscles and locking in profits.

In comparison, older whales only made their moves back in February and March, with profits around $811 million and $255 million, respectively. Yawn. 🥱

And guess what? The trend continues. This week, new whales are still offloading like they’ve just found a treasure chest. 💎

“New whales, in particular, have been realizing profits during this latest pump,” said Maartunn (@JA_Maartun) on May 25, 2025.

It looks like these new whales are cashing out at the perfect moment—right after Bitcoin hit its high, but before it could climb any further. They probably entered during Q1’s downturn, and now they’re getting out while the getting’s good. They’re creating an endless chain of selling pressure, and Bitcoin is stuck in a traffic jam. 🚗💨

Meanwhile, the older whales are just sitting there, chilling. Their reluctance to sell could mean they’re in it for the long haul. Their confidence in Bitcoin’s future could help keep things steady in the short term. Or, maybe they’re just waiting for a bigger payday. 🤑

Bottom line: until these new whales stop unloading their Bitcoin stash, the price may stay stuck at current levels. Everyone’s watching to see if they keep selling or take a break—either way, Bitcoin’s next move is anyone’s guess.

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2025-05-26 19:51