New Bitcoin whales have surpassed long-term holders in terms of value controlled, according to reports. This shift has created a $6 billion supply overhang, which, according to the report, could lead to continued price volatility in the Bitcoin market. The development highlights a change in the distribution of Bitcoin wealth, with newer investors gaining more influence over the market compared to established, long-term holders.

New Bitcoin whales have surpassed long-term holders in terms of value controlled, according to reports. This shift has created a $6 billion supply overhang, which, according to the report, could lead to continued price volatility in the Bitcoin market. The development highlights a change in the distribution of Bitcoin wealth, with newer investors gaining more influence over the market compared to established, long-term holders.