CryptoQuant analyst Axel Adler Jr. noted that Bitcoin’s realized market cap 30-day change rate turned positive on August 24 after 87 consecutive days of negativity, 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, with further gains occurring as Bitcoin’s price fluctuated near $80,000.
Bitcoin's realized cap increased by 0.88% over 30 days, signaling a price recovery.
TechFlowShare
Summary
Today, the Bitcoin price rose as the 30-day realized capitalization change rate turned positive on August 24, ending 87 consecutive days of negative readings. By September 6, the realized cap reached $1.068 trillion, an increase of $9.36 billion, with Bitcoin price prediction models showing signs of on-chain recovery. The cost base improved after a prolonged contraction, while Bitcoin traded near $80,000.
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.