PANews, September 7: CryptoQuant analyst Axel Adler Jr. stated that Bitcoin’s realized market cap 30-day change rate turned positive on August 24 after 87 consecutive days of negative readings, rising to +0.88% by September 6. The realized market cap reached $1.068 trillion, increasing by $9.36 billion over the past 30 days, indicating an improvement in the on-chain cost basis after a prolonged contraction and continuing to rise as Bitcoin’s price fluctuated around $80,000.
Bitcoin Realized Cap 30-Day Change Rate Turns Positive, Market Sentiment Improves
PANewsShare
Summary
Bitcoin’s market sentiment improved as its realized market cap 30-day change rate turned positive on August 24, ending 87 consecutive days of negative readings. On-chain data shows the rate reached +0.88% by September 6, with the realized market cap hitting $1.068 trillion—a 30-day gain of $93.6 billion. This shift indicates a recovery in the on-chain cost base after a prolonged period of contraction.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.