CryptoQuant: Bitcoin's "Realized Market Cap" Hits a New Record of $934.88 Billion, Strengthening Long-term Market Confidence
CryptoQuant analyst Oro stated that Bitcoin's "Realized Market Cap" continues to set records, reaching a new all-time high of $934.88 billion as of today, undoubtedly strengthening the market's long-term confidence.
The key metric "Realized Market Cap" operates on the logic that when BTC is transferred into a wallet, it is considered a "buy," and when transferred out, it is considered a "sell." By calculating the average cost basis of each wallet multiplied by the holding amount, the total "Realized Market Cap" of the entire network can be obtained. This metric reflects the total capital entering the Bitcoin market through actual on-chain activities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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