Bitcoin’s Realized Cap Smashes Another ATH – Wall Street’s FOMO Just Kicked In
Bitcoin’s realized capitalization—the aggregate cost basis of all coins in circulation—just punched through its previous all-time high again. This isn’t just a vanity metric; it’s cold, hard proof that new money keeps flooding into the network.
Why it matters: When the realized cap climbs, it means investors are buying at higher prices. No paper hands here—just diamond-handed accumulation. The last time this happened? Right before the 2021 bull run went parabolic.
Behind the numbers: On-chain data shows sustained inflows from both retail and institutional wallets. Even pension funds are quietly dipping toes in now—probably while their CIOs still publicly dismiss crypto as ’a scam.’
The bottom line: The market’s voting with its wallet. Whether traditional finance wants to admit it or not, Bitcoin’s plumbing is stronger than ever. Just don’t expect the suits to acknowledge it until they’ve finished front-running their clients’ orders.
Bitcoin Gains Strength As Realized Cap Signals Buying Pressure
Bitcoin is gaining serious momentum as it flirts with a breakout above the psychological $100,000 level. Bulls are firmly in control, and it appears that the selling pressure that defined much of the year is finally fading. The price action has turned decisively bullish, and bitcoin now trades just below $100K after tagging $99,890 earlier today.
Fueling this upward momentum are strong on-chain fundamentals. According to CryptoQuant analyst Carmelo Alemán, Bitcoin’s Realized Cap—one of the most reliable indicators of capital investment in the network—has reached a new all-time high for the third consecutive week. As of 11:00 a.m. today, the Realized Cap stands at $890.742 billion. This metric, calculated by summing the purchase price of every UTXO (Unspent Transaction Output) multiplied by the amount of BTC held, represents the total dollar value of coins based on their last movement.
The rise in Realized Cap points to sustained capital inflows and growing investor confidence. Both Long-Term Holders (LTHs) and Short-Term Holders (STHs) have continued accumulating BTC, reinforcing the market’s recovery and setting the stage for a potential breakout.
This surge in investment reflects not only a shift in sentiment but also increasing conviction in Bitcoin’s role as a long-term financial asset. With momentum building and capital steadily flowing in, the market appears to be laying the groundwork for a major price expansion. If the current trend continues, a confirmed breakout above $100K could mark the beginning of a new and powerful bull cycle—fueled not by hype, but by solid, data-backed accumulation.
Price Analysis: Testing $100K Resistance
Bitcoin is trading at $99,490 after a strong +2.51% daily move that pushed it to the brink of the $100,000 psychological resistance. The daily chart shows BTC breaking above recent consolidation highs and entering a key price zone between $100,000 and $103,600. This range marks the final barrier before potentially entering price discovery and retesting all-time highs set earlier this year.
Momentum is clearly bullish. Bitcoin is now well above both the 200-day simple moving average (SMA) at $90,851 and the 200-day exponential moving average (EMA) at $86,643—two major technical levels that previously acted as dynamic resistance. The current structure highlights a strong uptrend, supported by rising volume and consistent higher lows since the mid-April rebound.
What’s critical now is whether BTC can close above $100K and turn it into support. A clean breakout could attract new capital and trigger acceleration toward $103,600 and beyond. However, traders should watch for possible rejection around $100K, which has historically served as a strong profit-taking zone.
In short, Bitcoin’s price action is strong, and technical momentum favors continuation. The next few daily closes will be crucial in confirming whether BTC can break through this final resistance and enter a new bullish phase.
Featured image from Dall-E, chart from TradingView
