CryptoQuant: Bitcoin's' realized market value 'sets a new record of $934.88 billion, strengthening long-term market confidence

According to BlockBeats, on June 8th, CryptoQuant analyst Oro stated that Bitcoin's "realized market value" continues to set records, reaching a new historical high of $934.88 billion as of today, undoubtedly strengthening the market's long-term confidence. The key indicator "Realized Cap" operates on the logic that when BTC is transferred to a wallet, it is considered a "buy" and when it is transferred out, it is considered a "sell". By calculating the average cost base of each wallet multiplied by the position, the "Realized Cap" of the entire network can be obtained. This indicator reflects the total capital entering the Bitcoin market through real on chain activities.