Bitcoin Realized Cap Reaches $872 Billion Amid Slowing Growth Rate
Bitcoin's Realized Cap has reached a new all-time high of $872 billion, as reported by Glassnode. This metric reflects the total value of Bitcoin based on the last transaction price for each coin in circulation.
Key Points
- The Realized Cap indicates the capital invested by all Bitcoin holders.
- Growth rate of inflows has significantly decreased from 13% per month in December to 0.9% currently.
- Recent capital inflows corresponded with bull rallies in Q1 and Q4 2024, while periods of slowdown led to bearish consolidation.
- Current investor sentiment appears risk-averse, potentially delaying a price recovery until a sharper uptrend in Realized Cap is observed.
As of now, Bitcoin's price hovers around $84,700.
