“Bitcoin’s realized capitalization set a record of $ 890.74 billion, which indicates increased confidence in the asset and the potential of the beginning of a new bulran. The share of “new whales” increased to 52.4%, the average purchase price is $ 91 922. Keeping this level critically to continue growth. The active influx of bitcoin-ETF and low volatility signal the accumulation before a possible breakthrough up to $ 100,000 and above. On May 8, the Bitcoin’s realized capitalization reached […]”, – WRITE: Businessua.com.ua
- Bitcoin’s realized capitalization set a record of $ 890.74 billion, which indicates increased confidence in the asset and the potential of the beginning of a new bulran.
- The proportion of “new whales” increased to 52.4%, the average purchase price is $ 91 922. Keeping this level critically to continue growth.
- The active influx of bitcoin-ETF and low volatility signal the accumulation before a possible breakthrough up to $ 100,000 and above.
On May 8, the Bitcoin’s realized capitalization reached a record $ 890.74 billion.
Source: Cryptoquant.
The realized capitalization is the total cost of all coins in circulation, calculated at the price of the last transaction for each coin. Analysts emphasize that the record values of the metrics demonstrate not only large -scale activity by investors, but also increased confidence in the long term of “digital gold”.
“If the dynamics persist, we can observe the initial phase of the new bulran,” the review said.
Who drives the market? The proportion of so -called “new whales” (active addresses in the last 155 days) in the total proposal of large players increased to 52.4%, while in the middle of 2024 it did not exceed 20%. The average purchase price of these investors is $ 91 922. That is, a decrease below this mark can provoke a wave of profit fixing.
New Bitcoin Whales Hold 52.4% of BTC Whale Capital, Surpassing Long-Term Holders for The First Time 🐋📊@Cryptoquant_com Data Shows MOST BIG BUYERS PAID $ 92k.
If prices Drop, will they hold or sell? 👀
Report by @anolshaeed https://t.co/9xhzzonofr
– Beincrypto (@beincrypto) May 7, 2025
Separate analysts recorded the signs of “Bear escapes” from the futures market.
Bullish Pressure Continues on the Futures, It Has Decreated Slightly Compared to May 6 And 7, But It’s Not So Important Now – The Bears Have Already Surrendered. NEXT STOP $ 100K. pic.twitter.com/nujbp1gtic
– Axel 💎🙌 Adler Jr (@axeladlerjr) May 8, 2025
According to Ali Martinez, current key levels are: $ 101 673 as a resistance zone and $ 94 719 as a support area.
#Bitcoin has establissed a strong Support Floor at $ 94.719, WHERE 195,320 $ BTC Were Accumulated. On the Upside, A Key Resistance Wall Stands at $ 101.673, WitH 81.910 #BTC ACCUMULATED AT THAT Level. pic.twitter.com/prfckaedfy
– Ali (@ali_charts) May 8, 2025
Glassnode position Glassnode also drew attention to the growth of realized capitalization and active fixation of profit. The market continues to operate in a positive inflow of capital – more than $ 1 billion a day, which allows you to absorb the supply even against the background of rising prices.
Source: Glassnode.
Following the rollback to $ 74,000 in April, the number of “unprofitable” coins decreased from 5 million BTC to 1.9 million BTC. Most of them are in the hands of speculators who sold in pressure in the past.
Source: Glassnode.
Analysts also pointed to the demand update on bitcoin-ETF, total Aum which reached 1.171 million BTC is an almost record value.
Source: Glassnode.
Warning: volatility ahead Experts drew attention to a decrease in the expected volatility – both short and medium -term horizons. This may mean an underestimation of the potential amplitude of price fluctuations.
Source: Glassnode.
At the same time, the consolidation above $ 93 100 (the cost of speculators’ coins) and the 111-day average at $ 91,300 indicates that the market is at a critical decision point.
Source: Glassnode.
Recall that Binance founder Chanpen Chzhao predicts the growth of bitcoin up to $ 500,000 and even $ 1 million in the current cycle.
The Standard Chartered is expected to reach $ 120,000 in Q2 2025.
The gun
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