Odaily Planet Daily News: CryptoQuant analyst Oro stated that Bitcoin's "realized market capitalization" continues to set records, reaching 934.88 billion USD as of today, undoubtedly strengthening long-term confidence in the market. The analysis suggests that the logic behind "realized market capitalization" operates such that when BTC is transferred into a wallet, it is considered a "buy," and when transferred out, it is considered a "sell." By calculating the average cost basis of each wallet multiplied by the holding amount, the total "realized market capitalization" of the entire network can be derived. This indicator reflects the total amount of capital that has entered the Bitcoin market through real on-chain activities.