IT Tech
Bitcoin Bull run
First, let's check what is on the chart: *Realized Cap definition - UTXO Age Bands show the distribution of the realized cap of a specified age band. Each colored band represents the ratio of the Realized Cap of UTXOs that were last moved within the denoted time. Realized Cap is calculated by valuing each UTXO by the price when it was last moved. This indicator summarizes the capitalization held by long-term and short-term holders. UTXOs over 6 months old (considered Long Term Holders as they keep $BTC for over 155 days) account for almost 90% of the realized cap. In the previous cycles' sell-offs, like on September 15 and April 19, this indicator reached over 70% and then decreased. As seen in the past, when the value began to decline for each group, Bitcoin's price then skyrocketed. As you can see, the bull run is confirmed by the data. The best things are still ahead!