Bitcoin’s realized market cap hits $600 billion

Share This Post

Onchain Highlights

DEFINITION: Realized Cap values different part of the supplies at different prices (instead of using the current daily close). Specifically, it is computed by valuing each UTXO by the price when it was last moved.

Bitcoin’s realized capitalization has shown a marked increase alongside the asset’s price in 2024. As depicted in the charts, realized cap reflects the aggregate value of all BTC at the price they were last moved, diverging from traditional market capitalization metrics. This metric reached approximately $600 billion in June 2024, coinciding with Bitcoin’s price stabilizing near $63,000.

Realized Cap: (Source: Glassnode)
Realized Cap: (Source: Glassnode)

Historical data indicates a consistent upward trajectory in the realized cap, with notable accelerations during significant market rallies. The current surge indicates substantial market activity, with long-term holders transacting and potentially revaluing older UTXOs at higher prices. This trend aligns with the post-halving period’s impact on market forces, often marked by reduced supply growth and increased demand.

The realized cap’s growth provides insights into market sentiment and investor behavior, highlighting confidence in Bitcoin’s value retention over time. The interplay between the realized cap and price illustrates Bitcoin’s maturation as a digital asset, with increasing capital locked in at higher valuations reflecting a robust market structure.

Realized Cap: (Source: Glassnode)
Realized Cap: (Source: Glassnode)

The post Bitcoin’s realized market cap hits $600 billion appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Pi Coin Price Prediction: Is $3 Still Possible After 20% Dip?

The post Pi Coin Price Prediction: Is $3 Still Possible After 20% Dip appeared first on Coinpedia Fintech News The price of Pi Network’s token, Pi has recently experienced major selling pressure,

Bitcoin Bullish Trend In Jeopardy As BTC Price Stumbles Near $85,211

Bitcoin’s recent price movement near the $85,211 level has revealed several technical red flags, suggesting potential weakness in its bullish momentum Despite multiple attempts to break through

‘Ripple is Never Going to Win’: Popular Author Questions XRP’s Real Use Case

The post ‘Ripple is Never Going to Win’: Popular Author Questions XRP’s Real Use Case appeared first on Coinpedia Fintech News Despite ongoing legal battles, Ripple’s XRP token continues to

Ethereum Must Reclaim $2,050 To Start A Recovery Rally – Insights

Ethereum (ETH) is now trading below the crucial $2,000 mark, struggling to find momentum after days of selling pressure and consolidation around $1,900 The broader crypto market remains under heavy

24 Ways Crypto Investors Are Being Hunted by Cybercriminals—Wallets Drained at Record Speed

Crypto scams are draining wallets fast, using AI fraud, fake mining, and Ponzi schemes—so advanced that regulators struggle to keep up 24 Brutal Crypto Scams Hunting Investors — The Tactics

Whales Accumulate Over 420,000 Ethereum In Five Days – Rally On The Horizon?

Ethereum (ETH) has seen underwhelming price action this year, disappointing analysts and investors who expected a massive breakout Instead, ETH is now trading at its lowest levels since October 2023,