Realized Cap vs. Market Cap: Cryptoquant CEO Points to Bitcoin Bear Phase

Ki Young Ju, the CEO of Cryptoquant, stated this weekend that bitcoin’s bull cycle has concluded, citing a growing divergence between realized cap and market cap as evidence of a bear market. Cryptoquant CEO and Data Suggests Bitcoin’s Bull Cycle Concludes Realized cap, an onchain metric tracking the average cost basis of BTC holdings, reflects

Source: Bitcoin.com