#BTCBreaks99K
As the accumulation of coins continues, the realized maximum for Bitcoin has reached a record level.$BTC
Bitcoin is currently trading at nearly $100,000, and has seen a sideways trend in recent weeks. The asset is trading at $97,005 at the time of this report, marking a slight increase of 2.6% over the past seven days and a rise of 3.3% over the past twenty-four hours.
Although volatility remains low, new on-chain data shows a steady increase in investor activity, indicating future price movement.
Bitcoin investors' confidence is reflected in on-chain metrics
Notable contributor Carmelo Aleman from CryptoQuant highlighted a persistent pattern indicating ongoing interest from investors. Aleman noted in a recently published article on QuickTake that the realized maximum for Bitcoin - which shows the total value of coins based on their latest movements - has peaked for the third consecutive time.
By calculating the output of each unspent transaction (UTXO) at its purchase price, this metric - which shows an increase in the capital input into the asset - has risen to $890.7 billion.
Aleman claims that both long-term and short-term Bitcoin holders are showing ongoing accumulation based on their continued rise in realized cap.