Carmelo_Alemán
Climbing Towards the ATH: Bitcoin Accumulates Over $906 Billion in Realized Capitalization
For the 4th consecutive week, On-Chain data shows that Bitcoin has once again broken its all-time high in Realized Capitalization. The total sum of all Bitcoin UTXOs now stands at $906,041,936 billion, surpassing its previous record as of May 18, 2025 (see chart 1). Bitcoin has been consolidating for 10 days around the daily resistance at $104,731, accumulating more capital as it prepares to break through this key level. Once this barrier is cleared, the path to the next major resistance at $107,757 will be open, potentially paving the way for a new all-time high. On May 8, when this range-bound phase began, the total value of all UTXOs was $891,642,358, meaning that in just 10 days, new Bitcoin investments have added $14,399,578, reflecting a 1.61% increase in Realized Capitalization. Regarding the participants who have increased their BTC holdings the most in these 10 days, the Bitcoin: UTXO Value Bands indicate that the 100 to 1000 BTC bands have increased from 5,561,467 BTC to 5,684,007 BTC, an increase of 122,540 BTC, representing a 2.20% gain over this period (see charts 2 and 3). As for ETFs, BlackRock stands out as the only major fund to have increased its BTC holdings, rising from 621,600 BTC to 631,902 BTC, an increase of 10,302 BTC, equivalent to a 1.66% gain (see charts 4 and 5), while other ETFs have either taken profits, reducing their BTC holdings, or have maintained the same positions. Conclusion If the trend of increasing Realized Capitalization continues, suggesting ongoing investor confidence in Bitcoin, it is very likely that Bitcoin will surpass its ATH in the near future. This could set the stage for a historic bull run. Signed by Carmelo Alemán, Verified On-Chain Analyst at Cryptoquant 📲 Connect with me: ♦️ X: @oro_crypto ♦️ YouTube: OroCryptoCanal ♦️ Email: [email protected] For collaborations, questions, or comments—feel free to reach out!