Bitcoin’s realized market capitalization has reached a new all-time high of $872 billion, as per Glassnode data released April 18, 2025. However, despite this record, investor caution and a slowdown in growth suggest a potential shift in market dynamics. 📈 📉
The slowing growth is attributed to risk aversion among investors, indicated by the current rate of only +0.9% growth per month. This aligns with historical trends where periods of stagnant growth precede consolidation phases in Bitcoin’s market.
Analysts point out that short-term holders are currently experiencing losses, with the realized price at $91,600. Market sentiment also reflects geographic differences; traders in the US have shown greater bullishness compared to those in Korea. 🇺🇸🇰🇷
As a result, Bitcoin’s price fluctuates between $84,700 and $85,000. The lack of substantial price increases further indicates that market activity is slowing down. The net realized profit/loss levels have also dropped by 40%, suggesting that investors are becoming more cautious and taking profits.
Historically, a slowdown in realized cap growth often precedes market consolidation. This is further emphasized by the absence of significant Bitcoin improvements or favorable regulatory environments. The lack of substantial BIP updates and neutral regulatory positions suggests continued risk-off sentiment.
While increased growth in the realized cap could signal potential bullish momentum, industry commentators remain cautious. They suggest that unless there’s a significant acceleration in growth, Bitcoin may face a period of sideways trading.