Bitcoin Realized Cap Hit $1.05T Record Even as Price Drop
Bitcoin realized capitalization don reach record $1.05 trillion for July even though e drop 12% from e $124,000 peak, show say investors still get confidence for di network. Dis on-chain metric dey value coins based on dia last transaction price and e only reprice when dem spend am, e different from market capitalization wey dey fall when spot price dey decline. For history, Bitcoin realized capitalization drop reach 20% during di 2014–15 bear market and 18% for 2022. Di increase wey dey happen now for realized cap show say capital get strong foundation and e fit help hold downside small and support price recovery for future.
Bullish
Di record-high Bitcoin realized capitalization wen spot price dey pull back dey signal strong investor belief and deep capital commitment on-chain. Historically, realized cap dey sharply fall—up to 20% for 2014–15 and 18% for 2022—during bear market dem, e show say people don give up. But now, even with 12% price correction, e dey rise still, e show say capital base strong well well and risk for downside don reduce. This on-chain strength dey usually come before steady price rally, e mean say both short-term stability and better long-term hope for Bitcoin dey.