Bitcoin Breaks Realized Capitalization Record For 4th Straight Week - Is A New ATH In Sight? | Bitcoinist.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The latest on-chain data reveals that Bitcoin (BTC) has broken its all-time high (ATH) in realized capitalization for the fourth consecutive week. Simultaneously, both Bitcoin whales and spot exchange-traded funds (ETFs) are steadily increasing their holdings – indicating growing investor confidence.

Bitcoin Realized Capitalization Hits New ATH

According to a recent CryptoQuant Quicktake post by contributor Carmelo_Aleman, Bitcoin’s realized capitalization has surpassed its previous record, reaching over $906 billion as of May 18, 2025. This milestone marks the fourth straight week in which this key on-chain metric has hit a new high.

Source: CryptoQuantFor the uninitiated, Bitcoin’s realized capitalization is the total value of all BTC in circulation, calculated based on the price each coin last moved rather than the current market price. This metric offers a more accurate reflection of true capital inflow and investor conviction, excluding dormant or lost coins.

Related Reading: Bitcoin Barely Budges Despite Softer US CPI Data – What’s Next For BTC?Carmelo notes that BTC has been consolidating near the daily resistance level of $104,731 for nearly 10 days. During this phase, the leading cryptocurrency has continued to accumulate capital, possibly gearing up for a significant breakout.

If BTC can breach this resistance, the next major hurdle lies at $107,757. Clearing this level could open the door to a fresh all-time high, supported by several bullish on-chain signals. Carmelo adds:

On May 8, when this range-bound phase began, the total value of all UTXOs was $891,642,358, meaning that in just 10 days, new Bitcoin investments have added $14,399,578, reflecting a 1.61% increase in Realized Capitalization.

According to Bitcoin UTXO Value Bands, the most significant accumulation over the past 10 days has come from wallets holding 100 to 1,000 BTC. These wallets increased their collective holdings from 5.56 million BTC to 5.68 million BTC, representing a 2.20% gain during this period.

Source: CryptoQuantAmong ETFs, BlackRock’s IBIT spot ETF stands out as the only major fund to increase its BTC exposure. Its holdings rose from 621,600 BTC to 631,902 BTC, a 1.66% increase. In contrast, most other ETFs have either taken profits or held their positions steady.

BlackRock’s IBIT Bitcoin spot ETF has increased its BTC holdings | Source: CryptoQuant## BTC Heading To $120,000?

As Bitcoin trades just 5.1% below its current ATH, analysts are speculating on potential upside targets for this market cycle. One model, the Wyckoff Accumulation pattern, suggests BTC could top out near $120,000.

Related Reading: 100,000 Bitcoin Pulled From Exchanges In 3 Weeks – Analyst Highlights Strong Accumulation TrendFurther supporting this bullish narrative is the fact that nearly 100,000 BTC has been withdrawn from exchanges over the past three weeks – often a sign of long-term accumulation and reduced selling pressure. At press time, BTC trades at $103,450, down 1.2% in the past 24 hours.

BTC trades at $103,450 on the daily chart | Source: BTCUSDT on TradingView.comFeatured Image from Unsplash.com, charts from CryptoQuant and TradingView.com Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.