Bitcoin's Realized Capitalization Reaches Unprecedented $906B - Could a Bull Run be on the Horizon?

Bitcoin's Realized Capitalization has hit a new high of $906.04 billion for the fourth week in a row, surpassing its previous record and hinting at a potential bull run. This metric, which reflects the total value of all unspent Bitcoin transaction outputs based on their purchase price, has grown due to a steady inflow of investors.

A significant portion of this capital accumulation is from large holders, with holdings by the 100-1,000 BTC UTXO value bands increasing by 122,540 BTC over the past 10 days. Other positive catalysts include fading downside risks, strong tech sector earnings, political shifts in the US, and the upcoming $5 billion in FTX creditor payouts set for late May.