Bitcoin (BTC) Realized Market Cap Hits All-Time High, Signalling a Bullish Rally Ahead

Bitcoin (BTC), the leading digital asset in the crypto world, has seen its price lurk between $92,000 and $95,000 in the last seven days.

While this signals seeming stagnation, Bitcoin has hit an all-time high (ATH) but not in the most common metric tracked.

CryptoQuant, an on-chain analytics platform, highlighted the achievement in a post on X.

For perspective, Bitcoin Realized Capitalization (BRC) is a metric that values each individual BTC based on the price at which it was last moved or transacted on-chain.

It differs from regular market capitalization, which is the prevailing price multiplied by total supply. BRC is not calculated based on the current market price, which makes it a better reflection of invested value.

Bitcoin’s current Realized Cap has hit $882.2 billion, an all-time high for the asset. This signals that active market participants have invested more money than ever in Bitcoin.

“New All-Time Highs in Bitcoin's Realized Capitalization. Historically, large accumulations of Realized Capitalization have been mostly followed by considerable price increases in Bitcoin.”

Notably, BRC does not include coins lost by malicious actors or untouched for years. Thus, the uptick reflects renewed confidence in Bitcoin despite the price’s reluctance to cross the psychological $100,000 mark.

This development, however, signals a bullish rally ahead, and investors are getting ready for it. Already, there has been a massive surge in Bitcoin’s hot capital.

On-chain fundamentals strengthen bullish case

Historically, an increase in Bitcoin’s Realized Cap suggests accumulation by investors and market participants before a significant price surge.

Hence, even though the price of BTC appears stuck in the $90,000 zone, this buildup signals a possible major move might soon occur. If history repeats itself, the Bitcoin market could see an upward spike in price that could retest the asset’s price ATH.

The volume of money pouring into Bitcoin as an investment raises market participants’ hopes, mainly as BRC is a reliable market indicator.

As of press time, the Bitcoin price was trading at $94,995.60, a 1.07% increase in the last 24 hours. This leaves BTC about 13% away from hitting its price ATH of $109,114.88, which it attained on Jan. 19, 2025.