Bitcoin is back above the $100,000 mark as on-chain data shows capital continuing to flow into the asset at a rapid rate.
Bitcoin’s maximum achieved value has exceeded $768 billion
In new mail On X, CryptoQuant Founder and CEO, Ki Young Ju, discussed the latest Bitcoin cap trend. “Maximum Realized” here refers to the on-chain capitalization model that calculates the total value of BTC by assuming that the value of each individual token is equal to the price it was last transacted on the network.
The previous move of any currency will likely correspond to the last point at which it was traded, so the price at its time can be considered the current cost basis.
Since the achieved 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 investors as a whole have invested in cryptocurrency.
Now, here is the chart of the indicator shared by Young Ju that shows the trend in its value over the entire history of the digital asset:
As shown in the chart above, BTC’s realized cap has been on a sharp upward trend over the past year, indicating that capital has been rapidly flowing into the coin.
“Bitcoin attracts $80 billion a month,” notes the founder of CryptoQuant. “Nearly half of the capital that has entered the Bitcoin market over the past 15 years has been added this year.”
Thanks to these impressive flows, the total Bitcoin investment reached approximately $769 billion. It is unclear how long the achieved cap can continue on this steep path, but for now, it appears that there is still a lot of demand for the asset.
In its latest weekly report, the analytics company weighed in on the series Vitreous node He also discussed the same scale from a different angle.
The chart above shows the cumulative data of “realized profit” and “realized loss” for Bitcoin. These metrics, as their names indicate, measure the amount of profit and loss, respectively, that investors realize or reap through their sale.
Over the history of cryptocurrency, the difference between the cost basis and the selling price of profitable transactions is $1.27 trillion, while the difference between the cost basis and the selling price of profitable transactions is $592 billion.
The difference between these two metrics is approximately equal to the maximum achieved for Bitcoin.
Bitcoin price
Bitcoin has rebounded back above the $100,000 level after falling below $95,000 earlier in the week.
Comments are closed, but trackbacks and pingbacks are open.