CryptoQuant: Bitcoin's realized market capitalization hits an all-time high, potentially signaling the start of the next market cycle

ChainCatcher news, according to CryptoQuant analysts, Bitcoin's realized capitalization has reached $882.228 billion, setting a new all-time high. This on-chain metric evaluates the actual investment value by calculating the price at which each Bitcoin unit was last transferred on-chain, providing a more accurate measure of market sentiment than traditional market capitalization.

Analyst Carmelo Alemán pointed out that historical data shows large accumulations of realized capitalization often precede significant price increases for Bitcoin. Although the price has increased since April 9, there has yet to be a typical short-term explosive surge in Bitcoin. If the current accumulation trend continues, it may indicate that Bitcoin is about to enter the next major market cycle.