Bitcoin Returns Above $100,000 As Monthly Inflows Hit $80 Billion
2024年12月13日 - 4:00PM
NEWSBTC
Bitcoin has returned back above the $100,000 mark as on-chain data
shows capital continues to flow into the asset at a rapid rate.
Bitcoin Realized Cap Has Crossed The $768 Billion Milestone In a
new post on X, CryptoQuant founder and CEO Ki Young Ju has
discussed about the latest trend in the Realized Cap of Bitcoin.
The “Realized Cap” here refers to an on-chain capitalization model
that calculates BTC’s total value by assuming the value of each
individual token is equal to the price at which it was last
transacted on the network. Related Reading: Dogecoin, XRP Flashing
‘Overlooked’ Bullish Signal, Santiment Reveals The previous
transfer of any coin is likely to correspond to the last point at
which it changed hands, so the price at its time could be
considered as its current cost basis. Since the Realized Cap sums
up this value for all tokens in circulation, it essentially
calculates the sum of the cost basis of the Bitcoin supply. In
other words, the model measures the total amount of capital that
the investors as whole have put into the cryptocurrency. Now, here
is the chart for the indicator shared by Young Ju that shows the
trend in its value over the entire history of the digital asset: As
displayed in the above graph, the BTC Realized Cap has been riding
a sharp uptrend during the past year, which suggests capital has
rapidly been pouring into the coin. “Bitcoin is attracting $80
billion every month,” notes the CryptoQuant founder. “Nearly half
of the capital that has entered the Bitcoin market over the past 15
years was added this year.” Thanks to these impressive inflows, the
total BTC investment has almost reached the $769 billion milestone.
It’s unclear how long the Realized Cap could continue this sharp
trajectory, but for now, it seems there is still plenty of demand
for the asset. In its latest weekly report, the on-chain analytics
firm Glassnode has also discussed about the same metric from a
different angle. The above chart shows the cumulative data for the
Bitcoin “Realized Profit” and “Realized Loss.” These metrics, as
their names imply, measure the amount of profit and loss,
respectively, that the investors are realizing or harvesting
through their selling. Over the history of the cryptocurrency, the
difference between the cost basis and selling price for profitable
transactions stands at $1.27 trillion, while that for the
underwater transfers is at $592 billion. Related Reading: Crypto
Suffers $1.6 Billion Liquidations As XRP, DOGE Down 10% The
difference between these two metrics roughly comes out equal to the
Realized Cap of Bitcoin. BTC Price Bitcoin has recovered back above
the $100,000 level after having slipped under $95,000 earlier in
the week. Featured image from Dall-E, Glassnode.com,
CryptoQuant.com, chart from TradingView.com
Bitcoin (COIN:BTCUSD)
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