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Since the #Pectra upgrade, #
ETH
’s Realized Cap - a metric representing the total capital stored in the asset - has surged from $240.8B (May 7) to $244.6B (May 19). That's a +$3.8B (+1.6%) rise, reversing a 3-month downtrend since Feb.
#ETH
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#Bitcoin’s strong price performance as of recent has significantly improved investor portfolios, prompting many to de-risk and take profit. This wave of fresh capital inflows has pushed Bitcoin’s Realized Cap to a new all-time high above $900B, a major milestone in the asset’s history. Discover more in the Week On-Chain below👇
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#Ethereum’s Pectra upgrade hasn’t translated into a spike in network engagement just yet. Since the upgrade, the average new and resurrected addresses are down in comparison to YTD values (–1.8% and –8.4% respectively) - but churn is notably lower as well (–8.5%).
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Since the #Pectra upgrade, #ETH’s Realized Cap - representing the total capital stored in the asset - has surged from $240.8B (May 7) to $244.6B (May 19). That's a +$3.8B (+1.6%) rise, reversing a 3-month downtrend since early February.
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Accumulation is now visible across nearly the entire wallet spectrum. Even <1 $BTC holders have flipped from distribution to light accumulation (~0.55), joining larger cohorts like 100–1K (~0.9) and 1K–10K #BTC (~0.85). Only 1–10 #BTC remain net sellers.
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#BTC's price surge stalled just below $106.6K - a level with 31K $BTC held at that cost basis. This supply cluster originated on Dec 16 and remains unshaken. Holders haven’t redistributed, nor averaged down - making $106.6K an important level to watch in the short term.
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