Bitcoin has once again surpassed the $100,000 mark as on-chain data shows capital continues to flow into the asset at a rapid pace.
Bitcoin’s reached limit has surpassed the $768 billion milestone
in a new mail On X, CryptoQuant Founder and CEO Ki Young Ju talked about the latest trend in Bitcoin’s realized limit. He “Made cap“here refers to an on-chain capitalization model that calculates the total value of BTC assuming that the value of each individual token is equal to the price at which the last transaction was made on the network.
The previous transfer of any coin is likely to correspond to the last point at which it changed hands, so the price at that time could be considered its current cost basis.
Since the realized cap sums this value for all tokens in circulation, it essentially calculates the sum of the cost basis of the Bitcoin supply. In other words, the model measures the total amount of capital that the set of investors has invested in the cryptocurrency.
Now, here is the chart of the indicator shared by Young Ju showing the trend of its value throughout the entire history of the digital asset:
As shown in the chart above, the BTC Realized Cap has been on a strong uptrend over the past year, suggesting that capital has been rapidly investing in the coin.
“Bitcoin attracts 80 billion dollars every month,” notes the founder of CryptoQuant. “Almost half of the capital that has entered the Bitcoin market over the last 15 years was added this year.”
Thanks to these impressive inflows, the total investment in BTC has almost reached the milestone of $769 billion. It is unclear how long Realized Cap could continue this strong trajectory, but for now, it appears there is still plenty of demand for the asset.
In its latest weekly report, the on-chain analysis firm glass node He has also discussed the same metric from a different angle.
The graph above shows the accumulated data of Bitcoin “Realized profit” and “Realized loss.” These metrics, as their names imply, measure the amount of profits and losses, respectively, that investors make or reap through their sales.
Throughout the history of cryptocurrency, the difference between the cost base and the sales price of profitable transactions amounts to $1.27 trillion, while that of underwater transfers is $592 billion.
The difference between these two metrics is approximately equal to Bitcoin’s realized limit.
BTC Price
Bitcoin has recovered above the $100,000 level after falling below $95,000 earlier in the week.
Fountain: NewsBTC.com
