Bitcoin’s Realized Cap Hits Record as Market Eyes Six-Figure Return

Bitcoin is on the verge of regaining its psychological threshold of $100,000, and analysts at CryptoQuant explain some of the reasons behind the rise.

Bitcoin is seeing new highs — not just in price but in on-chain valuation metrics. According to CryptoQuant, the network’s realized cap, which tracks the value of BTC based on its last on-chain movement, reached an all-time high of $891 billion as of May 7. This metric reflects increasing investor conviction and steady capital inflows.

CryptoQuant’s Carmelo Alemán notes that both long- and short-term holders are accumulating, signaling confidence in Bitcoin’s long-term potential. The current momentum may be laying the groundwork for a broader bull cycle.

READ MORE:

Over $300M in Bitcoin Awakens After 10 Years, Market Watches Quietly

Glassnode’s latest report echoes this optimism, noting that daily profit-taking now exceeds $1 billion. Despite fears of a pullback, the report suggests that rising demand is absorbing sell pressure, maintaining market balance near the $100,000 mark.

Since late 2023, the market has remained in a profit-focused regime, with capital inflows consistently outpacing outflows — a trend analysts see as a healthy sign of growing demand.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.