Bitcoin’s [BTC] price trajectory has been approaching another key inflection point lately. And, one critical on-chain metric could shape what happens next.

The long-term realized cap, a structural indicator of market strength, is nearing a decisive threshold. Historically, this level has determined whether Bitcoin sustains bullish momentum or enters a prolonged correction. Analysts are closely watching this zone, as holding it could reinforce confidence in the current cycle, while a breakdown may signal a broader shift in market dynamics.

What is the long-term realized market cap?

Samantha is a full-time crypto journalist with 2 years of writing experience in the field. Her key area of interest is the political ramifications of crypto-centric laws around the world. An avid market trader, Samantha also has a keen eye for price anomalies on trading charts.