Bitcoin’s realized capitalization has reached a new peak of $906 billion

Unlike traditional market cap, which multiplies current price by circulating supply, realized market capitalization calculates the value of each coin at its last transaction price.

Bitcoin’s realized capitalization has hit a new peak of $906 billion, reaching a fourth consecutive weekly high, according to CryptoQuant’s data.

Unlike traditional market cap, which multiplies current price by circulating supply, realized market capitalization calculates the value of each coin at its last transaction price. This offers a better picture of capital committed to the network, excluding coins that are idle or lost from the equation.

CryptoQuant analyst Carmelo Alemán noted that Bitcoin has been trading in a consolidation range for the past 10 days, bouncing off a key resistance at $104,731.

During this period, realized capitalization climbed by over $14 billion from $891.7 billion to $906 billion. That marks a 1.61% gain in just over a week, highlighting sustained accumulation and growing investor confidence.

Alemán believes that once Bitcoin breaks out of this consolidation and scales this resistance, it could move swiftly toward the next target at $107,757.

Clearing that level could open the door to a fresh all-time high in BTC’s price.

He said:

“If the trend of increasing Realized Capitalization continues, suggesting ongoing investor confidence in Bitcoin, it is very likely that Bitcoin will surpass its ATH in the near future. This could set the stage for a historic bull run.”