CryptoQuant’s analysis stated that Bitcoin’s Realized Cap record is a sign of ongoing accumulation and strong network confidence.
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Bitcoin rose by a modest 3% over the past 24 hours to briefly climb above $87,700. While its price action remains relatively calm despite the uptick, deeper on-chain indicators are painting a different picture.
Bitcoin’s Realized Capitalization, for one, reached an all-time high of a record $872.2 billion on April 14th. Here’s what it means.