THIS ONE METRIC SUGGESTS BITCOIN’S RALLY IS JUST GETTING STARTED
Even after printing new all-time highs, Bitcoin may still have plenty of fuel left in the tank, according to on-chain data.
📊 Key Metric: Realized Cap vs. Market Cap
Despite surging prices, Bitcoin’s Realized Cap — which measures the value of BTC based on the price at which coins last moved — is still significantly below its Market Cap. This signals that many coins remain in strong hands, with long-term holders not rushing to take profits.
🧠 This pattern historically appears before major parabolic moves, as it reflects conviction, low distribution pressure, and suppressed euphoria — ideal conditions for continuation.
Other bullish signals:
🔹 Exchange balances continue to drop, reducing sell pressure
🔹 Whale accumulation is steady
🔹 Funding rates remain moderate, avoiding overheated conditions
🔹 Dormant supply remains near cycle highs
Analysts note that when price outpaces hype, it’s often a sign of institutional-led accumulation, not retail-driven mania. That’s exactly what we’re seeing now.
📈 With macro tailwinds like ETF inflows, political pressure on rate cuts, and growing corporate adoption, BTC could be setting up for the next leg toward $125K and beyond.
Long-term holders are holding strong.
Short-term froth is nowhere in sight.
And this rally might be far from finished.
