BlockBeats News: On June 8, CryptoQuant analyst Oro said that Bitcoin’s “realized market capitalization” continues to set records, reaching a new all-time high of $934.88 billion as of today, which undoubtedly strengthens the market’s long-term confidence. The key indicator “Realized Cap” is based on the logic that when BTC is transferred to a wallet, it is considered as a “buy” and when it is transferred out, and the “realized market capitalization” of the entire network can be obtained by calculating the average cost basis of each wallet × holdings, which reflects the total amount of capital entering the Bitcoin market through real on-chain activities.
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CryptoQuant: Bitcoin's "realized market capitalization" has set a new record of $934.88 billion, strengthening long-term market confidence.
BlockBeats News: On June 8, CryptoQuant analyst Oro said that Bitcoin’s “realized market capitalization” continues to set records, reaching a new all-time high of $934.88 billion as of today, which undoubtedly strengthens the market’s long-term confidence. The key indicator “Realized Cap” is based on the logic that when BTC is transferred to a wallet, it is considered as a “buy” and when it is transferred out, and the “realized market capitalization” of the entire network can be obtained by calculating the average cost basis of each wallet × holdings, which reflects the total amount of capital entering the Bitcoin market through real on-chain activities.