Bitcoin's Long-Term Holder Realized Cap Impulse Turns Negative After Three Years

Bitcoin's Long-Term Holder Realized Cap Impulse indicator has turned negative for the first time in three years, according to crypto analytics firm Alphractal. This metric reflects actual capital inflows by measuring realized capitalization based on the price at which BTC last changed hands. According to NS3.AI, the negative shift suggests a structural decrease in capital moving into Bitcoin and points to weakening demand in the current market cycle.