Bitcoin Realized Cap Soars to $890B: Will BTC Retake $100K?

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Bitcoin Realized Cap Soars to $890B: Will BTC Retake $100K?

Bitcoin (BTC) is showing signs of strength as its realized capitalization reached a new all-time high of $890 billion on May 7, 2025. This surge reflects increased investment and conviction among both long-term and short-term holders. Coupled with significant accumulation by large Bitcoin wallets, the market is buzzing with speculation about a potential rally back to the coveted $100,000 mark.

What is Bitcoin Realized Cap?

The realized capitalization of Bitcoin differs from market capitalization. Instead of multiplying the current price by the total supply of Bitcoin, realized cap values each BTC at the price it was last moved on the blockchain. This provides a more accurate representation of the capital invested in Bitcoin, discounting lost or dormant coins. The realized cap’s rise indicates a substantial increase in the total value held by Bitcoin owners, signaling strong market conviction.

Here are some key points about Bitcoin’s realized cap:

  • Definition: Sum of the value of all Bitcoin at the price they were last moved.
  • Significance: Reflects actual capital invested in Bitcoin.
  • Current Status: Reached a record $890 billion on May 7, 2025.
Bitcoin realized cap. Source: CryptoQuant

Whale Accumulation Fuels Optimism

Data reveals a notable trend: large Bitcoin holders, often referred to as whales, have been actively accumulating Bitcoin since late March 2025. Wallets holding between 10 and 10,000 BTC added a significant 81,338 BTC over a six-week period. This accumulation suggests strong confidence among major players in the Bitcoin market, potentially paving the way for further price appreciation.

Glassnode data further supports this trend, showing a rise in Bitcoin whale addresses holding over 1,000 BTC. These addresses increased from 1,945 on March 1 to 2,006 on May 7, marking the most substantial 30-day increase in 2025. This accumulation pattern mirrors a similar trend observed in Q1 2024, which preceded Bitcoin’s all-time high that March.

Bitcoin whale count balance >1K BTC. Source: Glassnode” src=”https://ipowercrypto.com/wp-content/uploads/2025/05/0196ab67-e76c-7fe4-8667-eeed8e2ce68a.png” /></figure> <h2>Analyst Perspectives: Can Bitcoin Reach $100,000?</h2> <p>With Bitcoin’s realized cap soaring and whale activity increasing, the question on everyone’s mind is: can Bitcoin reclaim the $100,000 level?</p> <p>Technical analysis suggests that Bitcoin’s support zone between $93,000 and $95,000 has shown resilience. A break above the resistance zone of $97,000 to $99,000 could shift the market outlook towards a bullish trend. The $100,000 level is seen more as a psychological barrier than a significant resistance point. If BTC can establish the $97,000-$99,000 range as support, a move towards $110,000 becomes a possibility.</p> <figure><img decoding=

Several analysts have weighed in on Bitcoin’s potential trajectory:

  • Michael van de Poppe (MN Capital): Suggests that the recent dip below $94,000 and subsequent recovery could indicate a market bottom, expressing optimism for a breakout to $100,000 within the next two weeks.
  • Honey (Crypto Trader): Predicts a steady rise for BTC, forecasting a new all-time high of $111,111 by the end of Q2 2025.

Factors Influencing Bitcoin’s Price

Several factors could influence Bitcoin’s price in the coming weeks:

  • Macroeconomic Conditions: Decisions from the Federal Reserve, such as FOMC minutes and press conferences, can impact market sentiment and investment flows into or out of Bitcoin.
  • Institutional Adoption: Continued adoption of Bitcoin by institutional investors could provide further support and drive prices higher.
  • Regulatory Landscape: Changes in regulations surrounding cryptocurrency could significantly impact market dynamics.
  • Market Sentiment: Overall market sentiment, driven by news events and social media trends, can play a crucial role in Bitcoin’s price fluctuations.

Conclusion

Bitcoin’s soaring realized cap and increased whale activity point to a potential resurgence in the market. While the $100,000 mark remains a key psychological barrier, analysts are optimistic about Bitcoin’s potential to reach new heights. Investors should closely monitor market trends, macroeconomic conditions, and regulatory developments to make informed decisions in this dynamic cryptocurrency landscape.

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