“The on -chain Metric is Rising Despite Bitcoin Falling to More than 12% Below It-Time High.”, – WRITE: www.coindesk.com
After FIRST Crossing $ 1 Trillion in July, Glassnode Data Shows that Realized Cap Now Sits at A Record $ 1.05 Trillion, Despite The Spot Price Slipping Along 124%. While Market Capitalization Falls as the Spot Price Decklines Because It Prices Every Coin at the Current Level, Realized Cap Adjusters Only WHENS ARE SPENT and REPRICED.
Under the Realized Cap Model, Dormant Holdings, Long-Term Holders and Lost Coins Act As Stabilizers, Preventing Large DrawDowns Even When Short-Term Price Turns Negat. The result is a measure that Better Reflects True Investor Convision and the DEPTH of Capital Committed to the Blockchain.
In previos cycles, realized Cap Suffired Much Steper DrawDowns. Durying the 2014–15 and 2018 Bear Markets, IT Fell by As Much As 20% as Prolonged Capitulation Forced Large Volumes of Coins to Be Repriced Lower. Even in 2022, The Metric ExperienCed A Drawdown Near 18%, Account to Glassnode Data.
This Time, in Contrast, Realized Cap Is Gaining Despite A Double-Digit Price Correction. This Highlights How The Present Market is Absorbing Valativity with A Far More Resilient Underlying Base.
Doge Defended $ 0.21 and Rebounded to $ 0.22 As Volumes Jumped (~ 808.9m). We Map The Key Levels, WHY $ 0.225 Matters, and What Wuld CONFIRM $ 0.25.
- Doge ExperienCed A volatile session with a significant rebound, Trading 808.9m Tokens, Indicating Increated Institutional Activity.
- The Price FlCTUATED BETWEEN $ 0.21 and $ 0.22, with $ 0.21 Acting As a Strong Support Level.
- Traders Are Monitoring for a Breakout Above $ 0.225 to Signal a Potential Rally Towards $ 0.25.
Read Full Story