Bitcoin's Realized Cap Hits Record High Amid Bullish Sentiment

Bitcoin's Realized Cap, a measure of the total dollar value invested in the network, has reached an all-time high of $890.74 billion, signalling a potential shift in market dynamics. This metric, considered a gauge of long-term investor sentiment, indicates the actual capital flowing into Bitcoin rather than speculative trading.

On-chain analyst, Gold Crypto, suggests this rise reflects growing confidence in Bitcoin as a financial instrument and store of value. Bitcoin’s price is also showing strength, trading just below the significant $100,000 mark, and up 2.7% over the last 24 hours.

Over the past month, the cryptocurrency has seen a growth of over 25%, outperforming the broader crypto market's more modest 2.7% rise.