On-chain data indicates that the Bitcoin Realized Cap is at a record-breaking high. Capital has been pouring into the coin, and this has happened at an unprecedented rate.
Bitcoin Realized cap Recently Crossed the $540 Billion mark
In its latest weekly report, the on-chain analytics firm Glassnode has discussed the trend that has recently been taking place in the “Realized Cap” of Bitcoin.
The Realized Cap is a capitalization method for cryptocurrencies that uses the last price of a coin on the blockchain to calculate the total value.
The Realized Cap will essentially take into account all the coins in circulation, since the last transfer of a coin on the blockchain is likely to be the most recent instance that it changed hands.
This model tells you the total amount that investors spent to buy Bitcoin.
Here is a graph that shows the BTC Realized Cap trend over the past few years.
From the graph, it’s visible that the Bitcoin Realized Cap has…
