**Key Takeaways**
– Bitcoin new whales have realized over $1 billion in losses from October 28 to November 8, with the worst single day occurring on November 7.
– The risk of panic selling increases if Bitcoin (BTC) fails to reclaim the critical $110,800 breakeven level.
– New whales are currently underwater, facing both realized and unrealized losses amid weak technical momentum.
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**Bitcoin New Whales Face Over $1 Billion in Losses**
Bitcoin new whales—large holders who recently accumulated significant amounts of BTC—have realized more than $1 billion in losses over the past week. This comes as Bitcoin trades below their average cost basis of $110,800. Such substantial losses raise concerns about potential capitulation, especially from recent large-scale buyers who acquired BTC at higher prices.
According to CryptoQuant data, new whales have experienced significant daily losses since October 28. The worst single day was November 7, when these investors lost approximately $515.1 million in one session. Other notable loss days include $286.4 million on November 4, $107.5 million on November 6, and $90.7 million on November 5.
Currently, Bitcoin trades around $106,000—about 4.4% below the new whale cohort’s average cost basis. This underwater position is putting considerable pressure on those who accumulated heavily during 2025.
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**Explosive Growth in New Whale Accumulation in 2025**
Data shows that newly active Bitcoin whale addresses have surged dramatically in 2025. BTC holdings by these new whales have grown from roughly 150,000 BTC in early 2024 to over 450,000 BTC currently. This threefold increase highlights unprecedented accumulation by large holders, especially during Bitcoin’s rally toward its October all-time high of $126,296.
These new whales were aggressive buyers as BTC surpassed $110,000 and continued to climb. However, with prices now retreating, they face mounting unrealized losses atop the realized losses they’ve already taken.
Meanwhile, established or “old” whales have been taking profits at recent highs while the newer whales were busy accumulating. This divergence between experienced and newer large holders may signal potential trouble if the trend persists.
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**Capitulation Risk Builds**
The critical question is whether new whales will hold through their losses or capitulate under pressure. On November 4, Bitcoin briefly fell below $100,000—the first time since June—sliding to $99,966, which represented a 21% decline from the October peak.
Although BTC has recovered somewhat to around $106,000, the price remains stubbornly below the crucial $110,800 breakeven level that new whales need for profitability.
Technical indicators reveal weak momentum. The Money Flow Index (MFI) stands at 43.15, suggesting neither strong buying nor selling pressure. Whale flow data also indicates minimal significant movement, pointing to a lack of decisive action among large holders.
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**What’s Next for New Whales and Bitcoin’s Price?**
New whales now face a tough decision: hold through current losses and wait for Bitcoin to reclaim the $110,800 mark or cut their losses and sell, potentially triggering a cascade of liquidations.
The $110,800 level acts as a critical resistance point. Breaking above this price is essential to relieve selling pressure on new whales and restore confidence among recent large-scale buyers. Failure to break this level significantly increases the risk of capitulation selling and could push Bitcoin prices substantially lower.
For the moment, data suggests new whales are “feeling the heat,” as noted by CryptoQuant, with losses accumulating and little urgency from the market to recover above their breakeven.
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**Conclusion**
The recent $1 billion-plus losses for new Bitcoin whales, combined with weak technical momentum and critical resistance at $110,800, underscore a fragile market sentiment. The actions of these large recent buyers will play a pivotal role in Bitcoin’s near-term price trajectory. Stakeholders should closely monitor whether new whales choose to hold or capitulate, as this decision could significantly impact the market’s direction.
https://bitcoinethereumnews.com/bitcoin/bitcoin-new-whales-lose-1-billion-as-btc-trades-below-110-8k-cost-basis/
