CryptoQuant: new crypto coins have the greatest impact on the crypto market

CryptoQuant analysts have recorded a significant increase in the influence of new whales on the cryptocurrency market. The share of these large players with more than 1000 BTC on their balance sheets has reached 60% of the total realized capitalization of large holders. This is a significant increase, as in July 2024, this share was only 17%.

New whales became active after the price of bitcoin BTC $95,722.08 Bitcoin -0.88% Market capitalization $1.9 trillion VOL. 24 hours $0.96 billion reached $ 55,000. Unlike the old players who follow long-term strategies, these investors are characterized by a quick reaction to market changes and active trading. Their contribution is most noticeable during phases of market optimism, while their activity decreases during periods of uncertainty.

The graph of realized capitalization presented by CryptoQuant shows how the influence is distributed between old (LTH) and new whales (STH). The coins on the balance sheets of new whales are usually less than 155 days old, indicating a short-term approach to investing. This reflects the current stages of the market cycle: accumulation, growth, or profit-taking.

Nevertheless, experts warn that whale activity is not always a reliable trading signal. Investments of large players can be a useful indicator, but they do not guarantee accurate forecasting of market changes.