Bitcoin's Realized Capitalization has reached the same resistance level observed in 2019 and March 2024.

This is highlighted by the Long Term Realized Cap Impulse, which analyzes movements in realized capitalization over extended periods, offering insights into supply and demand dynamics. By focusing on longer time frames, this metric allows for a deeper understanding of how long-term trends influence market behavior and price movements. It emphasizes the impact of significant capital flows and helps identify patterns that may not be evident in short-term analyses. In this way, the Long Term Realized Cap Impulse provides an innovative approach to analyzing demand from an Onchain perspective.

On the other hand, the Realized Cap Impulse measures shorter-term oscillations and indicates that market euphoria has yet to materialize. This suggests that either BTC movements have already been significant over the past year, or there is still room for growth. A decline in this metric could negatively impact the price, while an increase signals a more positive and volatile market outlook.

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