Analyst: BTC has achieved a market value of $934.88 billion, which may strengthen long-term market confidence

Odaily News CryptoQuant analyst Oro said that Bitcoin's "realized market value" continued to set records, reaching US$934.88 billion as of today, which undoubtedly strengthened the market's long-term confidence.
The analysis shows that the operating logic of "Realized Cap" is that when BTC is transferred into a wallet, it is regarded as "buy", and when it is transferred out, it is regarded as "sell". By calculating the average cost basis of each wallet × the holding amount, the "realized market value" of the entire network can be obtained. This indicator reflects the total capital entering the Bitcoin market through real on-chain activities.