2025-12-21 13:21:25

The liquidity landscape of Bitcoin is quietly changing. The latest on-chain data shows that a group of new large holders getting on board is rewriting the market map, with the Bitcoin they bought at high prices nearing 50% of the total realized market capitalization, far exceeding the previous level of 22%.

What does this mean? Simply put, the overall cost basis of Bitcoin is being reset. When a large amount of chips are locked in at higher price levels, the market's lower support becomes stronger. Even if the price adjusts, the downside potential will be limited due to the presence of this new capital.

Interestingly, the behavior of whales has changed. Data shows that the whale group with holdings ranging from 100,000 to 10 million USD has been net buying, while small retail investors are accelerating their exit. This situation of large players accumulating and retail investors cutting losses has historically been a typical sign of the market building a temporary low.

When it comes to the value of Liquidity, it is not limited to the market itself. When resources and knowledge can flow efficiently to all corners of the globe, and when value can reach where it is needed without friction, that is true innovation. From the flow of market chips to the global dissemination of information and education, it essentially promotes a healthier ecological cycle.

BTC0.25%

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OnchainDetective

· 16h ago

According to on-chain data, the 50% market cap concentration in this wave is indeed suspicious, and we need to continue tracking the funding sources of these new whales. I've said it before, the routine of large holders accumulating and retail investors getting liquidated works every time, a clear bottom signal. Is this time different? Still the same old script, the target addresses are already locked in. Hmm... who are these new entrants? Let's track through multiple addresses. A 50% concentration of chips, this trading pattern is a bit abnormal, we need to watch out for wash trading techniques. Retail investors getting liquidated? Something's off, the issue lies in liquidity reset. Suspicious wallet behaviors are increasing, keep digging. After analysis and judgment, there must be a story behind this wave of accumulation, I suspected it a long time ago.

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FalseProfitProphet

· 12-23 22:01

Whale is buying the dip again, and retail investors are still being played for suckers. This act is the same every time.

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LightningAllInHero

· 12-21 13:51

Whales are accumulating while retail investors are fleeing, this trap works every time. Let's wait for the bottom signal.

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ETHReserveBank

· 12-21 13:32

The whales are accumulating, while retail investors are cutting losses. I've seen this script too many times before. With new money entering at such a high cost, either they know something we don't, or they are just dumb buyers. Is the bottom support getting stronger? Sounds nice, but in reality, it just means the price is locked. Retail investors are always the last ones to take the baton. 😅 Whales' net buying sounds great, but what I'm concerned about is when they will dump.

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MoodFollowsPrice

· 12-21 13:23

Large investors are accumulating while retail investors are cutting losses; we have seen this script too many times --- A 50% realization market capitalization concentration sounds like a solid support, but I am more concerned about when these large investors will start to dump --- Talking about liquidity in the context of ecological cycles is a bit abstract; it’s better to discuss where the next resistance level will be after this wave of large funds comes in --- Small retail investors are accelerating their exit; I am one of them, but I am not cutting losses; I am waiting for a better opportunity to enter a position --- The reset of chip costs depends on the true intentions of these new buyers; otherwise, it’s just support on paper --- Net purchases, phase lows... we say this every time, but when it really erupts, it often exceeds expectations --- Instead of looking at data, it’s better to see if institutions are willing to continue accumulating after this wave comes in; that’s the real signal --- With 50% close to the overall realization market capitalization, the feeling of risk has actually increased; if these large investors want to leave, can the market hold up?

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