$BTC 𝗷𝘂𝘀𝘁 𝗵𝗶𝘁 𝗮 $𝟭 𝗧𝗿𝗶𝗹𝗹𝗶𝗼𝗻 𝗥𝗲𝗮𝗹𝗶𝘇𝗲𝗱 𝗖𝗮𝗽 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗳𝗶𝗿𝘀𝘁 𝘁𝗶𝗺𝗲 𝗲𝘃𝗲𝗿.

And here’s why that’s way more important than market cap 👇

Market cap is just price × supply.

It moves even when no one is buying.

But Realized Cap tells you how much real money has actually entered the network.

It values each $BTC at the price it last moved, not current price.

So it only grows when people actually buy and hold. Not trade.

Even crazier?

25% of it came in the last 6 months alone.

So when people ask:

"Why is BTC holding $120K so strongly?"

or

"Isn’t it overbought already?"

Show them this chart