CryptoQuant: Bitcoin's "Realized Market Cap" Hits New Record of $934.88 Billion, Strengthening Long-term Market Confidence

CryptoQuant analyst Oro stated that Bitcoin's "Realized Market Cap" continues to set records, reaching a new all-time high of $934.88 billion as of today, undoubtedly strengthening the market's long-term confidence. The key indicator "Realized Cap" operates on the logic that when BTC 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 × the holding amount, the "Realized Market Cap" of the entire network can be obtained. This indicator reflects the total capital entering the Bitcoin market through actual on-chain activities.