Bitcoin Lacks Fresh Momentum As Realized Cap Growth Still Declining

On-chain data shows the Bitcoin Realized Cap Growth indicator has continued to decline recently, a sign new capital inflows lack momentum. Bitcoin Realized Cap Growth Has Been Heading Down Recently As explained by CryptoQuant community analyst Maartunn in a new post on X, the Bitcoin Realized Cap Growth has been trending lower recently. The “Realized Cap” is an on-chain capitalization model for BTC that calculates its total value by assuming the value of each individual token is equal to the spot price at which it was last transacted on the blockchain. Related Reading: Solana Enters Bear Territory: Realized Loss Now Outweighs Profit This is unlike the usual market cap, which simply calculates the total valuation of the asset by multiplying the number of tokens in circulation with the current spot price, considering the latest value of the cryptocurrency to be the one value for all coins source: https://www.newsbtc.com/bitcoin-news/bitcoin-lacks-fresh-momentum-realized-cap-declining/