Bitcoin’s Bull Run Falters: Realized Capital Signals Bearish Market Shift

Bitcoin’s recent bullish momentum appears to be waning as key on-chain metrics signal a potential shift towards a bearish trend. Notably, the Realized Cap – reflecting actual capital invested in Bitcoin – is rising while Market Cap remains stagnant. This divergence points to large capital inflows failing to drive price increases, hindering a short-term rally. High sell pressure also contributes to this stagnation, preventing any significant price surges despite new investments.