Bitcoin's realized capitalization, which reflects the value of coins at their last transaction price, has reached a record $1.05 trillion, as reported by Glassnode. This increase comes at a time when Bitcoin's spot price has decreased by about 12% from its all-time high of nearly $124,000. The realized cap is considered a more accurate measure of investor confidence compared to market capitalization, which fluctuates with current prices. Unlike previous market cycles where realized cap experienced significant drawdowns, this latest rise amidst price correction suggests a more resilient market. The ongoing strength in realized cap indicates increased conviction among long-term Bitcoin holders, signaling stability despite short-term price volatility. This trend highlights how dormant holdings and the activity of long-term investors are helping to absorb price fluctuations more effectively than in past bear markets.

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