On-chain data shows Bitcoin inflows this cycle have totaled to $678 billion. Here’s how this figure compares with that of the previous cycles.

Bitcoin Realized Cap Growth Has Been 1.8x Larger Than Last Cycle

In its latest weekly report, on-chain analytics firm Glassnode has discussed about the growth in the Realized Cap of Bitcoin. This capitalization model calculates BTC’s total value by assuming that the value of each token in circulation is equal to the price at which it was last transacted on the blockchain.

The last transaction of any token is likely to correspond to the last time at which it changed hands, so the price at its time could be considered as its current cost basis. As such, the Realized Cap is essentially the sum of the cost basis of the entire BTC circulating sup

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