Bitcoin's realized market capitalization hits new all-time high, a sign of continued bull market

Carmelo Alemán, a registered analyst at the cryptocurrency on-chain analysis platform Cryptoquant, analyzed on the 21st that Bitcoin's (BTC) realized market capitalization (Realized Cap) will hit an all-time high of $872,195,500,000 on April 14, 2025, and that the bull market cycle may still continue. This indicator represents the total amount of circulation based on the price at the time each Bitcoin was last moved, and reflects the acquisition price actually paid by investors.

The method for calculating the realized market capitalization is to multiply the amount of Bitcoin per UTXO by the price at the time of the last transfer...