#BTC110KSoon? Bitcoin Realized Cap Hits All-Time High After BTC Price Reclaims $110K

Key Takeaways

Despite cooling off below $110,00, Bitcoin's growing realized cap and rising Coinbase Premium hint at bullish momentum.

CryptoQuant data shows U.S. investors are buying BTC aggressively, signifying a bullish sign after the consolidation.

Bitcoin's MVRV ratio of 2.34 shows Bitcoin's price is nowhere near a market top, opening the door for new highs in Q3.

Bitcoin (BTC) price briefly retested $110,000 on Monday, June 9. This development came after the coin price increased by nearly 5%.