Cryptocurrency
Bitcoin’s realized cap is now $43 billion above the 2017 all-time high
As reported by Cointelegraph, “Crypto market data aggregator Glassnode has published data indicating that Bitcoin’s (BTC) realized capitalization has increased by more than 50% since tagging its all-time high of $20,000 at the end of 2017. “The realized capitalization metric measures the value of each BTC when it was last moved on-chain, which enables analysts to […]
As reported by Cointelegraph, “Crypto market data aggregator Glassnode has published data indicating that Bitcoin’s (BTC) realized capitalization has increased by more than 50% since tagging its all-time high of $20,000 at the end of 2017.
“The realized capitalization metric measures the value of each BTC when it was last moved on-chain, which enables analysts to estimate the aggregate cost-basis of market participants.
“However, coins on centralized exchanges are absent from the metric, indicating the data is probably more accurate in terms of the cost-basis of long-term investors rather than intra-day speculators.
“Bitcoin’s realized cap currently sits at $115 billion — $43 billion more than at the all-time high in 2017. Bitcoin’s current $190 billion market cap suggests that the BTC hodlers are presently enjoying an aggregate profit of 65%.
“Coinmetrics’ chart shows that realized capitalization continued to grow higher in the early months of 2018, pushing to test $90 billion three times between January and May despite prices having crashed back below $10,000…”