Realized Cap

Definition ∞ Realized Cap is a market capitalization metric that calculates the total value of a cryptocurrency based on the price at which each coin was last moved on the blockchain. It offers a more accurate valuation than market capitalization, which uses the current price for all coins, by accounting for the cost basis of holders. This metric is particularly useful for assessing market tops and bottoms.
Context ∞ Discussions concerning Realized Cap often focus on its use as a tool to identify potential market cycle peaks and troughs, contrasting it with the current market capitalization. Analysts are observing whether the current price is trading above or below the realized price, which can signal overvaluation or undervaluation. Divergences between realized cap and market cap are frequently cited as indicators of investor conviction.

Intricate metallic Web3 infrastructure elements support textured white and blue granular formations. A hollow, crystalline sphere, embodying a shard chain or rollup layer, rests on a bed of densely packed blue on-chain data particles, indicative of transaction batches or liquidity pools. In the background, a full, textured white sphere represents a stable digital asset or protocol layer. The metallic framework signifies cross-chain communication and node synchronization within a distributed ledger network, emphasizing data integrity and consensus mechanisms in a complex blockchain state visualization.

→Short-Term Holders

→Market Sentiment

→Accumulation Phase

Recent Volatility Cleansed Speculation; New Investor Cost Basis Holds Strong

The average entry price of recent Bitcoin buyers is now acting as solid price support, confirming a necessary, short-term market reset.

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→Realized Cap

→Investor Cost Basis

Strong Capital Inflow Confirms Demand Absorbs All Selling Pressure

The total capital invested in Bitcoin is growing, proving new demand is aggressively absorbing all profit-taking from veteran investors.

Two white, multi-faceted components, resembling blockchain nodes, connect via a transparent, intricate interface. This central mechanism emits vibrant blue light, signifying active data flow and processing. Its complex internal structure suggests cryptographic hashing or transaction validation within a distributed ledger. This depicts a cross-chain bridge facilitating secure, permissionless interoperability. The blue luminescence highlights proof-of-stake consensus efficiency, ensuring robust network integrity and decentralized autonomous organization governance.

→Short Term Holder

→Market Support

→Holder Conviction

Recent Bitcoin Buyers Capitulate as Core Support Holds Firm

The market is undergoing a shakeout as short-term holders realize losses, but a strong cost basis from older investors is preventing a deeper crash.

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→Market Structure

→Critical Support

→Price Dynamics

Short-Term Holder Cost Basis Confirms Bitcoin Bull Market Support Is Rising

The average price paid by recent Bitcoin buyers is rising, establishing a powerful, higher-cost floor that validates the market's uptrend.

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→Digital Assets

→Market Dynamics

→On-Chain Data

Bitcoin Sees Historic Capital Surge, Outpacing Initial 15 Years

Bitcoin's realized cap reveals a monumental shift, with recent capital inflows dwarfing its entire first decade and a half.

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→Bitcoin Price Action

→Futures Funding

→On-Chain Metrics

Bitcoin’s New All-Time High Signals Wealth Transfer and Euphoria

Bitcoin's rally past $72k marks a classic shift: long-term holders take profits as new capital flows in, driving market sentiment into euphoria.