Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»Analysts say this is the Bitcoin indicator to watch and is higher than ever.
ETHEREUM NEWS

Analysts say this is the Bitcoin indicator to watch and is higher than ever.

By Crypto FlexsFebruary 28, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Analysts say this is the Bitcoin indicator to watch and is higher than ever.
Share
Facebook Twitter LinkedIn Pinterest Email

On-chain data shows that Bitcoin (BTC) is trading just below its all-time highs, but the amount invested in the asset is already back to historic highs.

Bitcoin’s “realized capitalization” has surged to $467.2 billion. This is just $500 million, or 0.22%, down from the April 2022 high of $468.3 billion, cryptocurrency analytics firm Glassnode reported on Twitter.

“Realized capitalization” or “realized capitalization” measures the total value of all bitcoins based on the time and price each individual coin last moved, Glassnode’s website explains. This is different from “market capitalization” or “market capitalization,” which shows the total value of all Bitcoins based on the asset’s current market price.

“This means that the actual liquidity-adjusted capital invested, stored, and stored in BTC is now at a record high,” said Glassnode senior analyst James Check. Posted on Twitter on Wednesday.

Analysts consider Bitcoin’s realization limit to be an estimate of Bitcoin’s cost basis for the average network participant. Therefore, by comparing the market capitalization of Bitcoin through the MVRV (Market to Realized Value) ratio, you can easily determine whether the average BTC buyer is profiting or losing money.

As of Monday, Bitcoin’s current MVRV value is 2.14, according to Glassnode’s latest newsletter. This means the average investor is now enjoying unrealized profits of 114%, more than double their money.

Recent data from IntoTheBlock supports this, with an MVRV ratio of 2.22 and 97% of Bitcoin investors making some profit.

Bitcoin’s recent surge has seen 97% of holders benefit, outpacing the broader cryptocurrency market. But how do other assets stack up?
Optimism and Ethereum are showing solid numbers with returns of 91% and 89% respectively, and Dogecoin’s loyal community is not far behind.

But some alternatives… pic.twitter.com/eqAUgNkZJ6

— IntoTheBlock (@intotheblock) February 28, 2024

Bitcoin surged above $63,500 on Wednesday and was trading at $60,372 at the time of this writing. The only times Bitcoin traded higher were in April 2021 and November 2021, both periods when BTC was at an all-time high and the price has fallen sharply since then.

That said, both Glassnode and IntoTheBlock agree that BTC has a lot of room to grow before it reaches its next cyclical peak.

“Historically, an MVRV close to 4 would indicate a peak, but with each cycle that number has declined,” IntoTheBlock wrote on Twitter Tuesday.

The company also suggested that retail participation in Bitcoin remains dormant, based on a relatively stable number of new network addresses.

On the other hand, Bloomberg ETF analyst Eric Balchunas argues that retail participation could heat up with the newly launched Bitcoin ETF, which saw a number of small private transactions on Tuesday.

“This was before it was an option or available on many advisory platforms.” wrote Balchunas on Wednesday. “It’s definitely a big retail component considering the size of the transactions.”

Edited by Ryan Ozawa.

Stay up to date with cryptocurrency news and receive daily updates in your inbox.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Enterprise Ethereum Alliance accelerates strategic vision with new leadership and board promises -Enterprise Ethereum Alliance

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025

Investors are the main level of support of the eyes.

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025
Most Popular

Discover the secret to making money with BurstCoin – start mining today! – DeFi information

February 7, 2024

OKX introduces ULTI perpetual futures, margin trading and simple returns

June 9, 2024

CoinMarketCap Research examines innovative blockchain products bridging traditional and decentralized finance in a new stUSDT report.

February 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.