Bitcoin’s Realized Cap Hits Record High as Accumulation Continues
Summary
Bitcoin is trading just under $100,000 at $97,005, with a 2.6% gain over the past week and a 3.3% increase in the last 24 hours. On-chain data indicates rising investor activity, with Bitcoin’s Realized Cap reaching an all-time high of $890.7 billion for three consecutive weeks, suggesting sustained accumulation by long-term and short-term holders. This trend may indicate positioning for a potential price breakout and a stronger bullish phase if investment continues. However, the Coinbase Premium Gap is at -5.07, indicating Bitcoin trades lower on Coinbase compared to global platforms, reflecting bearish sentiment among US investors. Persistent negative values in this gap could hinder upward momentum despite overall accumulation trends.
