Bitcoin Realized Cap don reach $1.05T, e dey show say people get serious believe
Bitcoin realized cap don reach one all-time high of $1.05 trillion, according to CoinDesk, wey be key on-chain metric wey dey measure BTC value based on di price wey each coin last move. By valuing coins at their last transaction price, di realized cap dey show how holders believe for Bitcoin and di true cost basis, e go help clear speculative trading noise. Dis record metric show say long-term holders get strong commitment, e fit reduce volatility and market dey mature as e dey shift to real store-of-value adoption. As di Bitcoin realized cap dey increase fit attract institutional interest and support future stability, traders still need to consider macroeconomic factors, liquidity constraints and di different new investor behaviour. Using realized cap plus other indicators na important for informed trading.
Bullish
Di rekod hight Bitcoin realized cap show say long term holders dey sure of their investment, and dis one historically dey linked to market wen e dey go up (bullish phases). When realized cap reach im peak, e mean say less coins dey move for loss, dis one reduce di selling wahala when price dey drop. For example, before 2017 and 2020 big rallies, realized cap don already reach all-time high. Short term, dis metric mean say better support base dey for BTC price, as many coins no dey for active trade. Long term, strong on-chain metrics like dis one fit attract big investors wey dey find stable assets, na im go still make demand rise. Even though macroeconomic wahala and liquidity issues still dey, high realized cap show say Bitcoin market dey mature and e get better strength, wey dey make market outlook bullish.