Bitcoin Whales Face a Critical Decision: Sell Now or Hold for Larger Profits?

• New Bitcoin investors are seeing only small profits after joining the market recently.
• Older investors are holding onto their Bitcoin, showing confidence in the future market.
• The next move by these new investors could impact Bitcoin’s future market direction.

Ki Young Ju, the CEO of CryptoQuant, recently raised an important question for new Bitcoin investors, known as “whales.” These large-scale investors who entered the market during the current bull run are seeing only a small 1% profit. The big question is whether these new whales will sell their Bitcoin to retail investors for small profits or hold out for bigger gains in the future.

This issue comes at a critical time for BTC. The actions of these new whales could shape the next phase of the market. Their choices may affect the price and influence how other investors react, especially since older whales seem to be taking a different approach.

Unrealized Profit Gaps Between New and Old Whales

A chart shared by Ki Young Ju compares the unrealized profits of new and old whales from 2014 to October 2024. Old whales, who have held onto their Bitcoin through multiple bull runs, show much higher profits. In past peaks, these seasoned investors sold their Bitcoin for big returns. However, in 2024, the profits of old whales appear to have leveled off, suggesting they are holding onto their assets.

In contrast, new whales are seeing much smaller gains. These investors, who joined the market during the recent price surge, have only managed a 1% profit. This creates a crucial decision point—sell now for small returns or wait for higher profits as the market develops.

New Whales’ Decision: Hold or Sell?

The central focus of Ki Young Ju’s question is what new whales will do next. With a small profit of just 1%, they may feel tempted to sell to retail investors, especially as Bitcoin’s price keeps rising. In previous bull runs, whales of all sizes often sold when prices peaked. However, the current data suggests that new whales may be holding out for larger gains.

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This decision could have a major impact on the market. If these new whales decide to hold, it may signal their belief that prices will continue to rise. If they choose to sell, retail investors may step in and buy, potentially changing the direction of the market.

The Impact of Whale Behavior

The behavior of whales, both old and new, has always had a big impact on the market. Historically, whales have sold during price surges, but in 2024, older whales are holding back, showing they expect more growth. New whales must decide if they should follow this strategy or take their profits now. Their choice could shape Bitcoin’s future.