š Bitcoin's Realized Capitalization Hits Record $872.2 Billion ā A Signal for Growth?
On April 14th, Bitcoin's realized capitalization updated its all-time high, reaching $872.2 billion. Analysts at CryptoQuant consider this a bullish signal, indicating that more investors are holding onto their $BTC despite the sideways price movement.
š What is Realized Capitalization?
This metric is based on the last recorded price at which each coin moved on the blockchain. It reflects the total investment in U.S. dollars across all accounted #BTC.
š What This Means for the Market:
* The increase in realized capitalization points to BTC accumulation by investors.
* The absence of a corresponding price increase suggests potential preparation for a new impulse move.
š Conclusion:
Bitcoin's record realized capitalization could be a sign of underlying market strength and a precursor to future growth. However, investors should exercise caution and patience while awaiting trend confirmation.