Editor's PiCK
"Bitcoin Realized Market Cap Hits All-Time High, Suggesting Further Upside"
Summary
- Bitcoin's realized market cap has hit an all-time high, suggesting the possibility of further upside.
- CryptoQuant stated that this is a positive signal that many investors are buying Bitcoin.
- The possibility of a short-term price increase for Bitcoin has grown, and even if it moves sideways, it can be interpreted as a period of preparation for a surge.
The realized market cap of Bitcoin (BTC) has reached an all-time high, indicating that there may still be room for further upside.
On the 21st (local time), CryptoQuant stated on X, "On the 14th (local time), Bitcoin's realized market cap hit an all-time high," adding, "This is a positive signal that more investors are buying Bitcoin." They further added, "Considering this, it is likely that Bitcoin has not yet reached its peak."
They continued, "Considering this indicator, the possibility of a short-term price increase for Bitcoin has grown," adding, "Even if it moves sideways, it can be interpreted as a period of preparation for a surge."
Meanwhile, Bitcoin's realized market cap refers to the market cap calculated based on Bitcoin's realized price. The realized price is the average purchase price of Bitcoin by all investors.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
