#Crypto Market Rebound  New Bitcoin Whales Are Driving Market Volatility

Bitcoin returned to $105,900 on Tuesday following the Israel-Iran ceasefire. However, the sudden panic and FUD from new Bitcoin whales is increasingly driving volatility for the largest cryptocurrency.

The large losses from new whales are a major factor, with these investors aggressively selling Bitcoin under pressure, adding to the market declines.

How Are New Whales Influencing Bitcoin’s Recent Price Fluctuations?

Since mid-June, Bitcoin has experienced a wide range of volatility. It started June around $107,000, rose above $110,000, and fell below $100,000.

Between June 14 and June 22, whales lost around $228 million in Bitcoin. There was a significant spike on June 17, when $95 million was lost in a single day.

Most of these losses—about $85 million—came from new whales, while only $8.2 million was lost from old whale investors.

June 22 saw another significant spike of $51 million, this time split more evenly between new and old whales.

New whales, those who are new to the market at higher price levels, are more likely to panic sell amid geopolitical tensions. Their rapid exits are increasing price volatility and strengthening resistance, especially at critical levels around $111,000.

Cryptocurrency Exchange Whale Ratio Indicates Selling Pressure

Another element supporting this trend was the high Whale Ratio throughout June.

This indicator is a measure of whale activity on cryptocurrency exchanges. A high ratio usually indicates that whales are actively investing Bitcoin on exchanges ahead of the sell-off.

Data shows that this rate has been rising as Bitcoin attempts to break above $110,000. Whales appear to be setting up sell orders at this level, limiting potential upside momentum.

The rate briefly fell when Bitcoin fell below $102,000, then rose again as prices rebounded to $105,900.

This activity suggests that whales are constantly managing risk, creating selling pressure and market uncertainty.

Geopolitical Uncertainty Increases Whale Anxiety

Recent geopolitical events—the Israel-Iran war and subsequent ceasefire announcement—have increased market anxiety.

New whale investors appear to be particularly sensitive, reacting quickly to negative headlines.

Such rapid selling creates more volatility. Leveraged traders are faced with margin calls, which further increases price declines and hinders sustained upward momentum.

To sustain a break above $111,000, analysts say whale selling must slow. Lower realized losses and reduced stock market inflows would indicate increased market confidence.