TeddyVision2025-11-21

Bitcoin Realized Cap Trend Keeps Losing Momentum

Realized Cap remains high, but the 180D Z-Trend continues to decline and is moving deeper into negative territory. This shows that the growth rate of Bitcoin’s fundamental valuation is weakening. Such a divergence usually signals reduced inflows of new capital and fading structural support - even if the price holds for a while or produces short-term rebounds 🧸 DYOR