According to recent data from Glassnode reported by COINOTAG News on June 10, the Realized Cap of Bitcoin held by long-term investors—those holding for over one year—has experienced a dramatic decline from a peak near $126 million to approximately $13.6 million, representing an 89% decrease. Despite Bitcoin’s price remaining relatively stable, this sharp drop indicates a substantial reduction in profit-taking activity among these holders compared to late May. The Realized Cap metric calculates the average cost basis multiplied by wallet holdings, interpreting BTC transfers into wallets as purchases and transfers out as sales. This provides a comprehensive measure of the total capital invested in Bitcoin through on-chain transactions, offering valuable insight into investor behavior and market dynamics within the cryptocurrency ecosystem.
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