Bitcoin’s surge to over $107,000 in recent days—just shy of its December 2024 record of $109,000—has triggered a historic milestone. For the first time ever, the network’s Realized Cap, a metric reflecting the aggregate cost basis of all coins in circulation, has surpassed $900 billion. This all-time high underscores the scale of new capital flowing into the ecosystem.

With investor portfolios deep in profit, the report suggests many participants are shifting toward risk-off strategies. Profit-taking activity has intensified, particularly among short-term holders, who collectively locked in $11.4 billion over the past month—including $747 million in realized profits in a single day.

Meanwhile, Ethereum is staging its own impressive rally. Following the successful deployment of its Pectra upgrade on May 7, ETH has logged several statistically significant daily gains. One surge of 21.8% marked its strongest single-day performance since 2021, sparking fresh speculation about a longer-term trend reversal.

Glassnode highlights the $2,400 to $2,900 range as a key resistance band for Ethereum. A clean break and consolidation above this zone could pave the way for a sustained move higher, potentially setting the tone for the rest of the altcoin market.

With both Bitcoin and Ethereum flashing strong fundamentals, the stage appears set for a summer of high-stakes movement—and perhaps new record highs.

The post Bitcoin Breaks New Record in Realized Cap, Ethereum Follows With Strong Momentum appeared first on Coindoo.

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Filed under: Bitcoin - @ May 21, 2025 5:00 am