Bitcoin's Realized Cap Hits $850 Billion, Glassnode Predicts Continued Growth

Bitcoin's network now holds more value than ever before, with its realized cap reaching $850 billion for the first time. Glassnode, a crypto analytics firm, anticipates that Bitcoin's price may continue to rise in the near future. Since the 2022 crypto bear market low, Bitcoin has attracted nearly $500 billion in capital inflows, leading to record-high realized cap levels. The research also highlights the daily settlement volume of around $9 billion and over $3 trillion settled by the Bitcoin network in the past year. Despite higher prices, retail investors have not shown the same level of FOMO or excitement as in previous cycles, indicating a shift in investor behavior towards larger entities. Glassnode suggests that the current BTC price cycle is atypical, with new demand inflows occurring in bursts rather than consistently. This article does not provide investment advice, and readers are advised to conduct their own research before making any investment decisions.