Bitcoin Realized Market Cap Hits All-Time High…"Price Surge Likely"

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Summary

Bitcoin's realized market cap hit an all-time high, increasing the likelihood of a price surge, according to a CryptoQuant contributor.
According to the report, expectations for Bitcoin price increases are rising as major institutions and individual investors re-enter the market.
Historically, when Bitcoin's realized market cap surges, the price often follows suit, indicating a high possibility of a future price surge.

The previous day, Bitcoin (BTC) realized market cap hit an all-time high, raising the possibility of a price surge, according to analysis.

On the 30th (local time), Carmelo Alemán, a contributor to CryptoQuant, reported that "On the 29th (local time), Bitcoin's realized market cap reached $882.228 billion, setting a new all-time high," and stated, "Expectations for Bitcoin price increases are growing, with major institutions and individual investors returning."

He further assessed that the possibility of a Bitcoin surge has increased. The report stated, "Historically, when Bitcoin's realized market cap surges, the price often follows suit," and added, "Bitcoin has not yet shown a strong upward trend. There is a high probability that the price could soar in the future."

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.

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