Why Bitcoin’s realized cap spiked as price fell to $112k

Bitcoin’s spot price fell on Aug. 19 while realized cap climbed, a textbook case of how on-chain cost basis can advance even on a red day. The daily close dropped 2. 94% from $116,284 on Aug source: https://cryptoslate.com/insights/why-bitcoins-realized-cap-spiked-as-price-fell-to-122k/