Bitcoin's Realized Market Cap Reaches New Record High

According to BlockBeats, CryptoQuant analyst Oro has reported that Bitcoin's realized market capitalization has reached a new all-time high of $934.88 billion. This milestone is seen as a significant boost to the market's long-term confidence. The realized market cap is a key metric that operates on the principle that when Bitcoin is transferred into a wallet, it is considered a 'buy,' and when transferred out, it is considered a 'sell.' By calculating the average cost basis of each wallet multiplied by its holdings, the total realized market cap across the network can be determined. This indicator reflects the total capital entering the Bitcoin market through actual on-chain activity.