CryptoQuant: Bitcoin's "Realized Market Cap" Hits New Record of $934.88 Billion, Boosting Long-Term Market Confidence

BlockBeats News, June 8th, CryptoQuant analyst Oro stated that Bitcoin's "Realized Cap" continues to hit record highs, reaching a new all-time high of $934.88 billion today, undoubtedly strengthening long-term market confidence.

The key indicator "Realized Cap" operates on the logic that when BTC is transferred to a certain wallet, it is considered a "buy-in," and when it is transferred out, it is considered a "sell-off." By calculating the average cost basis of each wallet × the holding amount, the network's "Realized Cap" can be obtained. This indicator reflects the total capital entering the Bitcoin market through real on-chain activity.