Bitcoin Realized Cap Breaks ATH As Capital Inflows At Unprecedented Rates

2024-4-4 02:30

On-chain data shows the Bitcoin Realized Cap has set a new all-time high (ATH) as capital has been flowing into the coin at unprecedented rates.

Bitcoin Realized Cap Recently Crossed The $540 Billion Mark

In its latest weekly report, the on-chain analytics firm Glassnode has discussed the trend that has recently been taking place in the “Realized Cap” of Bitcoin.

The Realized Cap here refers to a capitalization model for the cryptocurrency that calculates the total value of the asset by assuming the value of individual coins in circulation to be the same as the price at which they were last transferred on the blockchain rather than the current spot price.

Considering that the last time a coin was transferred on the blockchain was likely the latest instance of it changing hands (that is, a sale of it took place), the Realized Cap would essentially be taking into account the cost basis of all coins in circulation.

As such, one way to interpret the model is that it tells us about the total amount of capital that the investors have used to purchase their Bitcoin.

Now, here is a chart that shows the trend in the BTC Realized Cap over the last few years:

From the graph, it’s visible that the Bitcoin Realized Cap has been sharply rising recently and setting new ATHs. This uptrend in the indicator has come as the price of the asset itself has also rallied.

The reason behind the trend in the Realized Cap is naturally that investors have become more active in trading as the price has shot up. Old hands would be moving their coins to harvest their profits, thus resetting the cost basis of their coins to the current high price levels.

“As these coins change hands, we can also consider this to be an injection of fresh demand and liquidity into the asset class,” notes the analytics firm. As the chart shows, the 2021 bull run also saw capital rushing into the asset, with the indicator exploring fresh highs over an extended period.

Recently, the Bitcoin Realized Cap has managed to break through the $540 billion level, with the metric’s value witnessing a monthly growth rate of $79 billion.

This extraordinary rate of capital inflows is unprecedented for the asset. The likely explanation behind this pattern may be the presence of the Bitcoin spot exchange-traded funds (ETFs) in this bull run.

Spot ETFs, which provide a more traditional mode of investment in cryptocurrency, only received approval in January. Since then, these funds have continuously absorbed the BTC supply.

With this explosive demand that never existed before in the history of the asset, it’s no wonder that the Realized Cap has also been climbing at an unprecedented rate.

BTC Price

Bitcoin has experienced a notable drawdown over the past couple of days, as its price is now trading around the $66,100 level.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95121.85 (-0.86%)
Объем 24H $68.936b
Изменеия 24h: -0.68 %, 7d: 1.44 %
Cегодня L: $93967.9 - H: $96238.42
Капитализация $1882.518b Rank 1
Цена в час новости $ 65638.18 (44.92%)

bitcoin realized cap on-chain rates unprecedented ath

Источник: bitcoinist.com

bitcoin realized → Результатов: 126


SEC Chair: Bitcoin Is Not Like Stocks, ‘We Won’t Flip a Switch on Crypto’

  By CCN: SEC Chairman Jay Clayton has realized something the crypto community has been trying to tell him for years – cryptocurrencies aren’t stocks. In an interview with CNBC this morning, Clayton offered the securities regulator’s latest take on bitcoin, and it seems they appear no closer to providing any clarity for traders and blockchain startups today than they were a year ago.

2019-6-6 16:35


AlienCloud ICO

AliensCoin - utility coin for AlienCloud platform. AlienCloud is not a startup. We build comfortable united platform for miners, traders and investors. Having created the AlienCloud platform and started working with crypto-currency payments, we realized that at the moment there are currencies for which transactions take too long and commissions are extremely large (for example Bitcoin/Ethereum).

2019-4-15 16:33


Фото:

Bitcoin Price Analysis: Could Three Times Be the Charm for This Resistance Level?

Bitcoin remains in its tightly coiled range as the market continues its sideways trend for the third week in a row. While macro support has been tested three times recently, we have yet to test the overhanging macro resistance:Figure 1: BTC-USD, Daily Candles, Narrow RangeThe blue zone outlined above shows a very strong zone of support that, over the last few weeks, has seen three strong tests and has led to a slowly upward-drifting market consolidation.

2019-3-16 01:56


Фото:

Bitcoin Price Analysis: New High Paves Potential Reversal Setup

After days and days of consolidation, bitcoin finally managed to break a new high for the first time in almost two weeks. This new high, so far, has been short lived, however, as it was almost immediately sold into by eager bears:Figure 1: BTC-USD, 4-Hour Candles, New HighOur current 4-hour candle is seeing a relatively easy retracement after days and days of an upward grind.

2019-3-9 02:08


Фото:

One Man’s Quest to Make Buenos Aires a Bitcoin City

A 19-year-old information engineering student in Buenos Aires, Argentina, has started a grassroots campaign to educate local businesses about accepting bitcoin as a payment method. First introduced to the cryptocurrency when he was 13, Leo is intent on seeing the vision of bitcoin becoming a mainstream transactional currency realized, and believes that homegrown actions as […] The post One Man’s Quest to Make Buenos Aires a Bitcoin City appeared first on Bitcoin News.

2019-2-25 16:20


Casinos Increasingly Adopt Cryptocurrencies as Payment Method

With internet technology becoming better every day, the market for cryptocurrency as a payment alternative has become wildly popular since Bitcoin was launched back in 2009. Into this foray has come to the gaming, e-commerce and real estate investing sectors which have realized the power of cryptocurrencies, with the gambling industry in particular increasingly adopting […] The post Casinos Increasingly Adopt Cryptocurrencies as Payment Method appeared first on ZyCrypto.

2019-1-15 09:45


Фото:

Bitcoin Price Analysis: Wait and See Where Recent Signs of Strength Lead

This week realized a big gain as bitcoin enjoyed a 25% rally from its local bottom before topping out around $4,400. Support currently appears to be established in the mid-$3,000s as the market remains indecisive over its next move:Figure 1: BTC-USD, Daily Candles, Current Support LevelFigure 1 shows the relevance of the current support level as it represents a previous support level that was never properly retested during last year’s parabolic bull market.

2018-11-30 01:45


Фото:

Crypto Market to Be Worth $1.40 Billion by 2024: New Report

Growth in the cryptocurrency market will be realized at a compound annual growth rate (CAGR) of 6. 18 percent as it reaches a valuation of $1. 40 billion by 2024. A new report by MarketsandMarkets shows that the cryptocurrency market will be driven by stronger distributed ledger technology, which improves the transparency of its systems, along with growing […] Crypto Market to Be Worth $1.

2018-10-23 22:29


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival

Bitcoin mining is now a highly competitive industry that’s not just expensive but technology-intensive as well. Individuals interested in joining the growing mining industry must invest in a specialized computer system, steady internet, reliable energy supply, and a good amount of skill to manage the process.

Bitcoin Diamond Hands Still Unbroken: 30.7% Of Supply Dormant For 5+ Years

Data shows the Bitcoin diamond hands have continued to sit tight recently as almost a third of the supply hasn’t been moved in five years. Bitcoin Has A Notable Part Of Its Supply Dormant Since Over Five Years In a new post on X, the market intelligence platform IntoTheBlock has discussed about how the most […]

Bitcoin Open Interest Is Shooting Up: Will Shorts Be Rekt This Time?

Data shows the Bitcoin Open Interest on exchanges has been heading up while the Funding Rate has turned negative recently. Bitcoin Open Interest Trend Suggests Speculators Are Back As pointed out by CryptoQuant community manager Maartunn in a new post on X, things appear to be heating up on the derivatives side of the market.

Bitcoin Difficulty Jumps 3% As Hashrate Slowly Recovers

On-chain data shows the Bitcoin mining difficulty has seen an increase in the latest adjustment, a consequence of the hashrate’s recovery. Bitcoin Mining Difficulty Has Seen A Positive 3% Adjustment Recently The “mining difficulty” refers to a feature built into the Bitcoin blockchain that controls how hard the miners would find it to mine on […]

Bitcoin Investors Have Turned Greedy Again: What Could Be Next For BTC?

Data shows that Bitcoin investors have again assumed a sentiment of greed after BTC’s surge of $64,000. Here’s what this could mean. Bitcoin Fear & Greed Index Is Now Pointing At ‘Greed’ The “Fear & Greed Index” is an indicator created by Alternative that tells us about the sentiment currently present among the investors of […]

These Are The Biggest Bitcoin Support & Resistance Zones, Analyst Reveals

An analyst has revealed the Bitcoin price zones that could act as major support and resistance centers for the cryptocurrency. A Large Number Of Investors Bought Bitcoin Inside These Zones In a new post on X, CryptoQuant author IT Tech has discussed the Bitcoin price levels that could act as support and resistance for BTC.