May 8, 2025
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Bitcoin’s Realized Cap Reaches All-Time High at $890.7 Billion
Bitcoin is currently trading at $97,005, just below the $100,000 mark. It has gained 2.6% over the past week and 3.3% in the last 24 hours.
Investor Confidence in Bitcoin
- On-chain data indicates a rise in investor activity, suggesting potential future price movements.
- Bitcoin’s Realized Cap reached an all-time high of $890.7 billion for three consecutive weeks, indicating increased capital inflow.
- Both long-term and short-term holders are accumulating during this consolidation phase.
- The rising Realized Cap reflects market conviction and signals a belief in Bitcoin's long-term value.
- Historical patterns may suggest the start of a new uptrend if investment continues.
Coinbase Premium Gap Indicates Caution
- The Coinbase Premium Gap is negative at -5.07, suggesting Bitcoin trades lower on Coinbase compared to global platforms.
- This gap indicates potential selling pressure from US investors and weak demand in the US market.
- A decline in the premium gap could hinder upward momentum despite broader accumulation trends.
