Bitcoin whales have returned to profitability as the cryptocurrency reached $112,788, with CryptoQuant’s New Whales Realized Price metric indicating these large holders are now above their average acquisition costs.

The metric tracks the average price at which newer large-scale Bitcoin holders acquired their positions, serving as a key indicator of whale profitability levels.

Bitcoin whales have been actively accumulating during periods of low crowd sentiment, positioning for potential market reversals. Recent on-chain data shows these large holders increasing their positions while retail investors exhibit panic selling behaviors, indicating a divergence in market psychology.

Whale activity has shown increased buying on exchanges, with these influential market participants continuing to build holdings amid retail sell-offs.