CryptoQuant: Bitcoin's market capitalization reaches an all-time high, potentially signaling the start of the next market cycle.

On April 30, news emerged that, according to CryptoQuant analysts, Bitcoin's realized capitalization has reached $882.228 billion, setting a new historical high. This on-chain metric evaluates the actual investment value by calculating the price of each Bitcoin unit at the time of its last on-chain transfer, providing a more accurate measure of market sentiment than traditional market capitalization. Analyst Carmelo Alemán pointed out that historical data shows that large-scale accumulation leading to capitalization usually indicates a significant increase in Bitcoin prices. Although prices have increased since April 9, there has not yet been the typical short-term explosive rise of Bitcoin. If the current accumulation trend continues, it may indicate that Bitcoin is about to迎来 the next major market行情.