CryptoQuant: Bitcoin's "realized market value" hit a new record of $934.88 billion, strengthening long-term market confidence

 CryptoQuant analyst Oro stated that the "realized market value" of Bitcoin continues to hit record highs, reaching a new all-time high of $934.8 billion as of today, undoubtedly strengthening long-term market confidence.

The key indicator "realized market value" (Realized Cap) operates on the logic that when BTC is transferred into a wallet, it is considered a "buy," and when it is transferred out, it is considered a "sell." By calculating the average cost basis × holdings of each wallet, the overall "realized market value" of the network can be obtained. This indicator reflects the total capital entering the Bitcoin market through actual on-chain activities.