CryptoOnchain
Whale Realized Prices Acted as Key Support; Did the Market Find Its Bottom?
Based on the Realized Price chart for different whale cohorts, it appears that whales with recent activity (within the last 1 to 30 days) successfully supported the price and prevented a deeper decline. Following the recent price correction, the spot price (black line) dropped significantly toward the realized price of two important whale groups: Whales active in the last 1–7 days (Whale Last Active 1–7 days): realized price around $66.0K (orange line). Whales active in the last 7–30 days (Whale Last Active 7–30 days): realized price around $70.6K (green line). This $66K–$70.6K range effectively acts as the break-even zone for these major players. When the market price approaches this level, selling pressure typically decreases significantly, as these investors are often reluctant to realize losses. At the same time, this area can serve as an attractive re-accumulation zone. The positive price reaction and rebound from this support range highlight the strength of these short-term whale holders and emphasize the psychological and technical importance of this level. As long as the price remains above this key range, the market may have established a local bottom and could be preparing for its next directional move. However, a decisive breakdown below this support zone would likely represent a strong bearish signal for the broader market.