Bitcoin’s realized capitalization has reached a new all-time high of $890 billion, fueled by sustained accumulation from both short- and long-term holders amid optimism over a potential price breakout to $100,000.
Bitcoin Price Consolidates Above $96K as Realized Cap Hits Record High
On May 7, Bitcoin’s realized capitalization — a key on-chain metric measuring the value of each BTC at its last moved price — surged to a record $890 billion, according to Glassnode data. This milestone reflects growing conviction among investors, with both long-term holders (LTHs) and short-term holders (STHs) continuing to accumulate BTC.
The Bitcoin price was trading at $96,485 at the time of publication, recovering from a brief dip below $94,000 earlier in the week. The move above $97,000 on May 6 was partially attributed to short liquidation pressure following news that U.S.–China trade talks would resume on May 10, announced by U.S. Treasury Secretary Scott Bessent.
Whale Activity Mirrors Pre-ATH Patterns
The number of Bitcoin wallets holding more than 1,000 BTC rose sharply, climbing from 1,945 on March 1 to 2,006 by May 7 — the largest 30-day increase in 2025. This behavior mirrors a similar trend seen in Q1 2024, which preceded Bitcoin’s previous all-time high.
Data from Cointelegraph and Glassnode shows that addresses holding between 10 and 10,000 BTC added more than 81,300 BTC over the past six weeks, signaling renewed institutional and high-net-worth investor confidence.
Can Bitcoin Recapture $100,000?
BTC faces a critical resistance zone between $97,000 and $99,000, which previously acted as a price ceiling during Q1 2025. A successful breakout above this level could invalidate the near-term bearish structure and open the path toward the psychologically important $100,000 mark — a level that, while symbolic, does not carry major historical resistance.
Technical analysts have identified downside liquidity between $91,600 and $89,000, which may act as support if macro volatility increases, especially following this week’s FOMC minutes and Fed commentary.
Crypto analyst Michael van de Poppe suggested that the recent recovery from below $94,000 may represent a local bottom, reinforcing his view of a breakout to $100K within two weeks. Meanwhile, trader Honey forecasted a more gradual rise, predicting BTC will hit $111,111 by the end of Q2 2025, according to Cointelegraph.
