$BTC The actual market capitalization of Bitcoin reaches a new record high

According to BlockBeats, CryptoQuant analyst Oro reported that the actual market capitalization of Bitcoin has reached a new record high of $934.88 billion. This milestone is seen as a significant boost to long-term market confidence.

Actual market capitalization is an important metric that operates on the principle that when Bitcoin is transferred into a wallet, it is considered a 'buy', and when transferred out, it is considered a 'sell'. By calculating the average cost basis of each wallet multiplied by its holdings, the total actual market capitalization across the network can be determined. This metric reflects the total capital inflow into the Bitcoin market through actual on-chain activity.