The Bitcoin Realized Cap, which tracks the cumulative capital flow within the network, has stabilized at $622 billion over the past two months. This comes after half a year of range-bound, downward market trends. The leveling off suggests that most Bitcoin transactions are happening near their initial purchase prices, signaling a state of market equilibrium with limited new capital entering or exiting. This trend points to decreased volatility and potential investor hesitation under current market conditions.
