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glassnode: Bitcoin's Realized Market Cap Hits All-Time High, Growth Slows to 0.9%; Market May Enter Consolidation Phase

glassnode: Bitcoin's Realized Market Cap Hits All-Time High, Growth Slows to 0.9%; Market May Enter Consolidation Phase

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ForesightNewsForesightNews2025/04/17 13:01

Foresight News reports that glassnode has released data analysis indicating that Bitcoin's realized market cap has reached an all-time high of $872 billion. However, the monthly growth rate has slowed to +0.9%. This suggests that while capital inflows remain positive, investor enthusiasm is waning, indicating a continued risk-averse sentiment. The realized gains and losses of Bitcoin (adjusted for volatility) have shown an almost balanced trend in recent weeks.

This indicates that investor activity has reached saturation and typically signals that the market is entering a consolidation phase, seeking new equilibrium. Meanwhile, Bitcoin's volatility-adjusted net realized gains and losses have returned to their long-term median. Historically, this marks the boundary between bull and bear markets, positioning the market at a pivotal moment for determining direction.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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