New Bitcoin whales are trapped underwater, but for how long?

Published on 17 February 2026 Cointelegraph.com

Summary

The widening gap between new and old Bitcoin whales is highlighted as BTC trades below $68,000. Analysts ponder whether younger whales will keep accumulating or if older ones will capitulate first, raising questions about market dynamics.

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Key Insights

What does 'trapped underwater' mean for Bitcoin whales?

'Trapped underwater' means that new Bitcoin whales have purchased their holdings at higher prices, and with BTC now trading below $68,000, their positions are in unrealized loss, making it risky to sell without locking in losses.

Sources: [1]

What are Bitcoin whales?

Bitcoin whales are individuals, entities, or organizations holding large amounts of Bitcoin, typically at least 1,000 BTC, enough to influence market prices through their trades or transfers.

Sources: [1], [2]