Key Takeaways:
Bitcoin’s realized cap has grown by $30 billion since April 20, reflecting steady investor confidence and new capital inflows.
A Bitcoin price consolidation pattern forecasts a potential 10% breakout by next week.
Bitcoin (BTC) continues to show strong bullish momentum as fresh capital inflows signal potential new price highs in the coming week. In an X post, Glassnode reported that Bitcoin’s Realized Cap, which measures the total value of BTC based on the price at which each coin last moved, grew by $30 billion since April 20, growing at a 3% monthly rate in May. The current realized cap is $900 billion.
Bitcoin Realize cap. Source: Glassnode
Though slower than the 8% spike in late 2024 when BTC hit $93,000, this growth reflects steady investor confidence and new capital entering the market.
Adding to the optimism, Glassnode<a data-ct-non-breakable="null" href="https://x.com/glassnode/status/1922573793496645805" rel="nofollow noopener" target="_blank"