This chart titled "BTC: Realized Cap for New Whales" shows the realized capitalization of Bitcoin, focusing on the trend of new whale entries (large holders). The black line represents the price of Bitcoin, while the blue area at the bottom shows the realized cap of new whales. The chart starts from 2015 and shows a steady rise in Bitcoin price until mid-2021, followed by some fluctuations. However, starting from 2023, there has been a significant increase in the realized cap of new whales, indicating an influx of new large holders in the market. The red arrow highlights this sharp rise, which suggests growing interest from big investors in recent times, potentially signaling bullish sentiment in the crypto market.

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