#CryptoComeback Bitcoin is preparing a potentially significant price move as investment volumes continue to track a bull trend in place since late 2023, research said.

Bitcoin is setting new all-time highs in network value as BTC price action eyes a return to six figures.

Bitcoin is worth more than ever in US dollar terms if its market cap is measured by the value at which the extant supply last moved onchain.

Known as realized cap, this figure has seen continued all-time highs since mid-April as BTC/USD stages a sustained recovery, and as of May 7 stood at $891 billion.

“Bitcoin has experienced a steady flow of capital inflows in recent weeks, reflecting renewed interest from investors,” CryptoQuant contributor Carmelo Alemán said in one of its “Quicktake” blog posts on May 7.

Alemán argued that the realized cap uptrend reflects a long-term market shift across the Bitcoin investor spectrum.