According to Huoxing Finance, Axel Adler Jr., an analyst at CryptoQuant, noted that Bitcoin’s 30-day realized market cap turnover 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 following a prolonged contraction, with further gains continuing as Bitcoin’s price fluctuated around $80,000.
Bitcoin's realized cap increased by 0.88% over 30 days, signaling an improvement in the chain's cost base.
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Summary
On-chain data shows that Bitcoin’s 30-day realized capitalization turned positive on August 24, ending 87 consecutive days of declines. By September 6, the realized cap reached $1.068 trillion, an increase of $9.36 billion over 30 days. On-chain analysis by Axel Adler Jr. suggests the cost base is improving after a prolonged contraction, with Bitcoin trading near $80,000.
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