Crypto news

Bitcoin’s Bull Market Defies Gravity! Realized Cap Keeps It Strong!

BBG News

Oh, the joy of watching Bitcoin! While the market feels like it’s wading through quicksand, Bitcoin remains somewhat stubbornly stuck within its price range. It’s like that friend who insists on staying at the party, even when it’s clearly winding down. But hey, don’t write it off just yet! Despite the unimpressive price swings, the Realized Cap Impulse metric is saying, “We’re still in the bull market, folks!”

Realized Cap Impulse: The True Bitcoin Bull Market Hero

So, Bitcoin’s price seems to be throwing a tantrum, but don’t be fooled—its Realized Cap Impulse metric is out here flexing its muscles. The number may not look all that exciting, but trust me, it’s the quiet powerhouse behind the scenes. The metric’s recent rise, despite Bitcoin’s lackluster price movement, means that the bull market is still alive and well. It’s like that one guy who shows up to the office every day, quietly getting stuff done while everyone else is running around looking busy.

Alphractal, the platform that lives and breathes on-chain data, has spilled the beans on this exciting development. The Realized Cap Impulse metric is cruising forward, solidifying the fact that this cycle has more gas in the tank. It’s like that steady friend who’s always there, holding things together when everyone else is spiraling. According to the numbers, it’s sitting firmly at key levels, providing the final base of support to keep things from crumbling. Yes, you can breathe easy.

This little gem of a metric tracks Bitcoin’s total cost base, and guess what? Holders are not fleeing the ship just yet, despite the dramatic price fluctuations. The indicator’s long-term view paints a clear picture of supply and demand dynamics, making sure Bitcoin isn’t slipping into oblivion anytime soon. Nice try, bears. But it’s not your turn yet.

As long as Bitcoin’s Realized Cap stays above these levels, it’s a sign of healthy demand. That’s the kind of thing that gives a little boost to prices both now and in the future. Even when the price is wobbling like a toddler on roller skates, demand is holding its ground, ready to lift things up again when the time is right.

Alphractal expects this impulse to keep rising for the next few months, especially as we get closer to October. But here’s the kicker: they think this may be the last big push before we enter a prolonged bearish phase that could stretch until late 2026. You know, just when you thought everything was going too smoothly. Well, there’s always a plot twist, right?

Bitcoin’s “Healthy” Correction

On-Chain College, that delightful band of crypto analysts, shared a post that you might want to bookmark. The analyst predicts a potential sharp dip in Bitcoin’s price, followed by the kind of rally that would make even the bears sweat. It’s all about the key support level, which is converging around the $95,000 mark. So, if Bitcoin slides down to that point, don’t panic! This could be exactly what the doctor ordered for a healthy bull market recovery.

In fact, On-Chain College is all in favor of this correction. They believe that after a dip to $95,000, Bitcoin will rally back to $125,000 in the short term. It’s like a roller coaster—down for a second, then up you go! Nothing to see here, just a little healthy market behavior.

At the time of writing, Bitcoin was comfortably lounging at $105,427, with a modest 0.21% increase in the last 24 hours. However, even a small rise can’t shake off the growing sense of bearish dread, with trading volumes dropping by more than 8% in the past day. Could this be the calm before the storm? We’ll see.

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2025-06-05 02:17

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