#BitcoinBeliever

The statement suggests a potential end to Bitcoin's bull market. The rationale centers on an expanding divergence between Bitcoin's realized market capitalization and its current market capitalization. Realized market cap values each Bitcoin at the price it was last moved, offering a view of the capital invested at different points. A widening gap, where market value doesn't proportionally increase with capital inflows as reflected in realized value, implies weakening buying pressure and a potential shift in market dynamics. This lack of price responsiveness to new capital could signal a transition away from the upward momentum characteristic of a bull market.$BTC