On-chain data shows the veteran investors of the Bitcoin market have shown exhaustion recently, but they still hold 11.9% of the supply. 3-5 Year Old Bitcoin Holders Have Slowed Down Their Selling In a new post on X, the on-chain analytics firm Glassnode has talked about the latest trend in the Realized Cap of the 3 to 5 years old Bitcoin investors. The “Realized Cap” here refers to an indicator that measures BTC’s total value by assuming the ‘real’ value of any token in circulation is equal to the price at which it was last transacted on the blockchain. Since the previous transfer for any coin is likely to correspond to the last point at which it changed hands, the price at the time could be considered as its current cost basis. Thus, the Realized Cap is nothing, but the sum of the acquisition prices of all tokens part of the circulating supply. Related Reading: Bitcoin Could Go ‘Bananas’ If Price Closes Above This Level, Top Analyst Says In other words, the indicator represents the total amount of capital tha ..
Support the originator by clicking the read the rest link below.
