Bitcoin Realized Capitalization Surges 0.33% as Accumulation Phase Intensifies

Bitcoin has experienced a significant surge in its realized capitalization, with a daily growth of $3 billion. This increase, which represents a 0.33% rise in the total capital invested in Bitcoin, indicates a strong accumulation phase and renewed capital inflows into the cryptocurrency market. The realized capitalization metric measures the total value of Bitcoin based on the price at which each coin last moved on-chain, providing insights into the market's behavior and potential future movements.

Analysts have noted a recurring pattern in Bitcoin's price movements, characterized by sharp increases followed by sideways movements lasting 8 to 10 days. This pattern, supported by a rising realized cap, forms a staircase-like chart structure, with each step building upon the previous one. The steady climb in realized cap suggests that buyers are entering the market at higher levels, lifting the network’s aggregate cost basis and demonstrating long-term confidence in the asset.

From an on-chain perspective, the behavior of realized capitalization in the current market mirrors patterns seen in previous bull cycles. Historically, spikes in this metric during consolidation phases have preceded large-scale price movements. The current rise indicates that capital entering the market is doing so with a long-term view, rather than speculative short-term intent. This positions the market for a potential continuation, especially as accumulation appears to intensify around the psychological $106,000–$109,000 range.

The broader cryptocurrency market has been on an upward trajectory over the past few weeks, partly driven by improving global macroeconomic conditions. Recent policy shifts between the United States and China, two of the world’s largest economies, have helped fuel investor sentiment. Both countries have agreed to temporarily reduce tariffs, which have been interpreted by some as a step toward easing global trade tensions, supporting risk-on assets such as Bitcoin.

In response to the broader bullish environment, Bitcoin has seen a steady rise, currently trading at $106,574, up 1.7% in the last 24 hours. The price earlier reached a 24-hour high of $107,844 before retreating slightly. Despite the pullback, Bitcoin remains just 2% below its all-time high of $109,000, recorded in January 2025. The consistent climb has led analysts and traders to monitor on-chain metrics more closely to gauge market behavior and possible future movements.

The analyst concluded that tracking realized cap in the days ahead will be essential to confirm whether the current phase evolves into another upward price impulse. If the trend persists, it could support another leg higher, reinforcing the view that Bitcoin remains in a broader accumulation structure. The current rise in realized capitalization and the ongoing accumulation phase suggest that Bitcoin is poised for further growth, supported by long-term investor confidence and favorable macroeconomic conditions.