Bitcoin's realized cap hits an all-time high, indicating increased investor confidence. What do key metrics say?
Another ATH could be on the horizon with the ongoing rise in the coin’s realized cap.market is no stranger to price volatility, with investors constantly observing metrics that signal potential shifts. Data on the coin’s realized cap is adding weight to a bullish narrative.
With BTC’s realized cap reaching new highs, it shows that investors have added confidence in the cryptocurrency’s future price growth.The upward shift in realized cap could significantly impact If the realized cap continues to grow, it may encourage more investors to buy and hold, contributing to sustained price support at higher levels.Analysis of data from Hyblock pointed out that Bitcoin was trading within a tight range between the previous day’s high and the combined levels of the previous day’s open and equilibrium . Market dynamics suggested significant resistance and support zones at these levels.
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