🔸The Pectra effect: an electric shock for the realized capitalization.💥💥💥
There are technical updates that go unnoticed. And then there is Pectra. Implemented on May 7, this update has not only perfected the network: it has awakened billions of dollars that were dormant.
The realized capitalization — an indicator that measures the value of an asset according to the last price paid for each crypto ETH — has risen from $240.8 billion to $244.6 billion.
This jump of $3.8 billion, though modest on a global scale, reflects renewed confidence. Unlike market capitalization, often inflated by speculation, realized capitalization (Realized Cap) offers a more faithful reflection of investor commitment. It is concrete capital, invested at a given price, not an algorithmic wind.
This trend reversal, after three months of massive capital outflows, signals a clear break. Technical signals become tangible: capital flows, and the ETH cryptocurrency regains color. Was it Pectra that seduced? Or a market, tired of its wait, looking for a pretext to rekindle the flame? Perhaps a bit of both.