The prospective rally of Bitcoin investors during the upcoming period will likely need serious time adjustments. CryptoQuant CEO Ki Young Ju suggests that the Bitcoin bull market has ended.
Ju’s realized cap evaluation method tracks investment capital flowing into Bitcoin transactions. The realized cap determines an average price from the last wallet entry to recognize fresh capital movement.
The calculation combines asset ownership from each wallet with its average purchase cost to establish network capital worth. The market shows bearish signals when capital inflows exceed the market capitalization level.
Market cap receives data from current exchange prices because supply and demand levels define its value in contrast to a realized cap. Capital inflows create limited price movement because the overwhelming selling pressure stops market price fluctuations.
Capital Enters Market, but Bitcoin Price Remains Stagnant
The Bitcoin market shows the exact issue that Ju describes. The market is receiving substantial capital inflow without corresponding price growth.
The current selling frenzy in the market has made large transactions unable to impact price levels. According to Ju, large movements related to MicroStrategy and GameStop did not result in Bitcoin value appreciation.
The market shows bearish indicators when a rising realized capital fails to boost market capitalization. The current market status matches bearish price prediction indicators, reducing the likelihood of value appreciation.
Ju stated that although market selling might soon reduce, significant market reversals must happen. According to historical data, a genuine market trend reversal requires six months to develop.
The CoinGecko data shows Bitcoin trading at $83,006 at present. Evaluating above $80,000 does not halt the downward pressure on the asset from sustained selling pressure.
According to Ju, the market displays weakened integrity at this time. The analysis identifies Bitcoin’s restricted growth potential during short-term periods by directly examining the movement between capital resources and exchange systems.
