BTC Sets New All-Time High in Realized Capitalization, Surpassing $906 Billion

On-chain data from CryptoQuant shows that Bitcoin has continued to reach new all-time highs in Realized Capitalization for the fourth consecutive week, with the total UTXO value exceeding $906 billion as of May 18, 2025 — the highest level ever recorded.

If the upward trend in realized capitalization continues, Bitcoin could soon break its previous peak and trigger a new bullish cycle.