Dec 11, 2025
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Bitcoin Lacks Fresh Momentum As Realized Cap Growth Still Declining
The Bitcoin Realized Cap Growth indicator has been declining, highlighting a lack of momentum in new capital inflows.
- Realized Cap is an on-chain model valuing BTC by the price each token last transacted at, unlike the market cap which uses the current spot price for all tokens.
- The 365-day changes in Realized Cap measure the netflow of capital entering or exiting Bitcoin.
- Recent trends show both the 7-day and 59-day moving averages (MAs) of Realized Cap Growth reversing downwards, with the 7-day MA crossing below the 59-day MA, indicating a bear phase.
- This pattern suggests reduced momentum from new investments during the current market downturn.
Additionally, short-term Bitcoin holders (STHs), who entered the market in the past 155 days, remain under stress, facing a 10% loss despite recent rebounds.
BTC Price
Currently, Bitcoin is priced around $92,400, experiencing a 1.5% decrease over the last 24 hours.
