New Bitcoin Whales Outpace Old Guard in $6B Supply Tug-of-War – Decrypt

Jan 22, 2026 - 05:30
New Bitcoin Whales Outpace Old Guard in $6B Supply Tug-of-War – Decrypt
In brief New whales hold $130 billion worth of Bitcoin, outpacing old ‘OG’ whales’ $126 billion. Bitcoin’s choppy regime is a result of shifting supply dynamics between the old and new whales and the struggle among new whale cohorts. Macroeconomic and geopolitical outlook has improved, but the internal whale supply conflict remains the dominant force...

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