Bitcoin News Today: Bitcoin Hovers Near $115K as New and Old Whale Investors Lock in Tight Standoff

Bitcoin’s price currently hovers near $115,000, with on-chain data revealing a critical standoff between new whale investors and long-term holders. New whale investors, defined as recent large-volume BTC buyers, have an average entry price of $105,343 and remain in a narrow profit zone as Bitcoin holds just above this level [1]. Meanwhile, older whale holders, who accumulated Bitcoin at an average realized price of $39,437, remain inactive and appear to be waiting for prices to surpass $130,000 before engaging again [2].

This dynamic creates a fragile balance in the market. A drop below $105,000 could trigger exits from newer whales, leading to increased selling pressure and potential price retesting. Conversely, a breakout above $130,000 could incentivize dormant holders to re-enter the market, potentially fueling the next phase of accumulation [1]. The separation between these groups is further reflected in realized capitalization metrics, where new whale dominance has now surpassed that of long-term holders for the first time since 2016 [2].

Cohort-based supply analysis shows a significant shift in Bitcoin’s ownership structure. The number of addresses holding over 10,000 BTC has risen sharply since mid-2023, indicating a surge in large-scale accumulation by recent market participants. This trend has contributed to upward price pressure and a growing reliance on new buyers to maintain current market stability [1].

On-chain analytics firm CryptoQuant highlights that the market is structurally tight, with reduced selling pressure from both miners and long-term holders [1]. This environment supports the potential for further upward movement, especially as institutional demand continues to drive the current rally. Bitcoin has closed four consecutive weekly candles above key resistance-turned-support levels, with the RSI still below overbought thresholds and the MACD forming a golden cross on the monthly chart—historical signals of major price advances [1].

Market economist Alex Krüger and CryptoQuant CEO Ki Young Ju both emphasize that the current rally is driven by deliberate institutional buying rather than speculative retail activity. With open interest and long spot positions rising on compliant U.S.-based exchanges, institutional confidence in the upward trend remains strong [1]. However, volatility remains a defining characteristic of the crypto asset class, and prices could retest the $105,000 to $108,000 range if a pullback occurs [1].

As Bitcoin navigates this critical juncture, investors are advised to maintain disciplined strategies such as dollar-cost averaging or options-based approaches to manage exposure effectively. Reaching $130,000 will be a key confirmation of broader long-term holder activation and the potential for a sustained bull cycle [1].

Source:

[1] Altcoin: https://altcoininvestor.com/bitcoin-ends-at-115k/

[2] Finestel: https://finestel.com/blog/july-2025-crypto-market-report/