Bitcoin's price is showing strong resilience, nearly recovering from a 22% drop from its all-time high, with a robust support level at $60,000. This is largely influenced by the behavior of new and old whale cohorts.

Analyzing the realized price (RP) trends among different Bitcoin address cohorts provides valuable insights into market dynamics and potential future price implications. New whales, represented by addresses holding over 1,000 BTC with an average coin age of less than six months, have seen their RP rise significantly, closely mirroring Bitcoin's market price. This indicates continuous accumulation at higher prices.

On the other hand, old whales, represented by addresses holding more than 1,000 BTC with an average coin age of over six months, have a relatively flat RP trend. This suggests these holders have a stable, lower average cost basis and are not significantly affecting recent liquidity changes.

Finally, addresses with balances exceeding 10,000 BTC have seen a steady RP increase, aligning with the overall bullish trend. The alignment of new whales' RP with Bitcoin's market price, particularly following the SEC's approval of Bitcoin spot ETFs, indicates sustained buying pressure from this cohort. This analysis paints an optimistic picture of the market's future trajectory.