New bull cycle? Bitcoin’s return to $100K hints at ‘significant price move’
The post New bull cycle? Bitcoin’s return to $100K hints at ‘significant price move’ appeared on BitcoinEthereumNews.com.
Key points: Bitcoin’s realized cap is beating records and has almost reached the $900 billion mark. The market is laying the foundations for a “potentially significant price breakout,” new analysis says. Profit-taking is not hindering the overall bull market rebound. Bitcoin (BTC) is setting new all-time highs in network value as BTC price action eyes a return to six figures. Data from onchain analytics platform CryptoQuant confirms new record highs for Bitcoin’s realized cap. Bitcoin realized cap reflects “growing conviction” Bitcoin is worth more than ever in US dollar terms if its market cap is measured by the value at which the extant supply last moved onchain. Known as realized cap, this figure has seen continued all-time highs since mid-April as BTC/USD stages a sustained recovery, and as of May 7 stood at $891 billion. “Bitcoin has experienced a steady flow of capital inflows in recent weeks, reflecting renewed interest from investors,” CryptoQuant contributor Carmelo Alemán said in one of its “Quicktake” blog posts on May 7. Alemán argued that the realized cap uptrend reflects a long-term market shift across the Bitcoin investor spectrum. “This new all-time high in Realized Cap not only reflects a surge in invested capital but also a growing conviction in Bitcoin’s long-term potential as a financial asset,” the post concluded. “With sustained accumulation from both LTHs and STHs, the market appears to be building a solid foundation for a potentially significant price breakout. If this trend continues, we could be witnessing the early stages of a new bull cycle for Bitcoin.” Bitcoin realized cap. Source: CryptoQuant BTC capital influx ongoing since 2023 As Cointelegraph reported, concerns remain over the fate of the current market rebound. Related: BTC dominance due ‘collapse’ at 71%: 5 things to know in Bitcoin this week Misgivings over profit-taking in particular…
Filed under: News - @ May 8, 2025 10:27 pm