Bitcoin Breaks Major ATH, But It’s Not What You Think

Published 30/04/2025, 13:44
Updated 30/04/2025, 19:15
© Reuters.  Bitcoin Breaks Major ATH, But It's Not What You Think

U.Today - Bitcoin (BTC), the leading digital asset in the crypto world, has seen its price stuck between $92,000 and $95,000 in the last seven days. Despite this seeming stagnation, Bitcoin has hit an all-time high (ATH) but not in the most common metric tracked.

New record in Bitcoin realized cap

CryptoQuant, an on-chain analytics platform, highlighted the achievement in a post on X. For perspective, Bitcoin Realized Capitalization (BRC) is a metric that values each individual BTC based on the price at which it was last moved or transacted on-chain.

It differs from regular market capitalization, which is the prevailing price multiplied by total supply. BRC is not calculated based on the current market price, which makes it a better reflection of invested value.

Bitcoin’s current Realized Cap has hit $882.2 billion, an all-time high for the asset. This signals that active market participants have invested more money than ever in Bitcoin.

Notably, BRC does not include coins lost to malicious actors or untouched for years. Thus, the uptick reflects renewed confidence in Bitcoin despite the price’s reluctance to cross the psychological $100,000 mark.

This development, however, signals a bullish rally ahead, and investors are getting ready for it. Already, there has been a massive surge in Bitcoin’s hot capital.

On-chain fundamentals strengthen bullish case

Historically, an increase in Bitcoin’s Realized Cap suggests accumulation by investors and market participants before a significant price surge.

Hence, even though the price of BTC appears stuck in the $90,000 zone, this buildup signals a possible major move might soon occur. If history repeats itself, the Bitcoin market could see an upward spike in price that could retest the asset’s price ATH.

The volume of money pouring into Bitcoin as an investment raises market participants’ hopes, mainly as BRC is a reliable market indicator.

As of press time, the Bitcoin price was trading at $94,995.60, a 1.07% increase in the last 24 hours. This leaves BTC about 13% away from hitting its price ATH of $109,114.88, which it attained on Jan. 19, 2025.

This content was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.