Key Points
- Bitcoin’s price trajectory is approaching a critical inflection point, influenced by an on-chain metric.
- The long-term realized cap, a market strength indicator, could determine Bitcoin’s future momentum.
Bitcoin’s price path is nearing a significant turning point, with a critical on-chain metric potentially influencing the outcome.
The long-term realized cap, an indicator of market power, is approaching a decisive level. This level has historically dictated whether Bitcoin maintains bullish momentum or enters an extended correction phase.
Analysts Monitoring Bitcoin’s Realized Cap
Analysts are carefully observing this area, as maintaining it could boost confidence in the current cycle. However, a breakdown might indicate a more extensive change in market dynamics.
So, what exactly is the long-term realized market cap?
