On June 17, according to the data platform, currently over 20,000 Bitcoin Addresses have Holdings worth over 10 million USD, totaling approximately 200 billion USD, accounting for nearly 9.43% of the total BTC supply and over 21% of the “realized market capitalization”.
The “Realized Cap” operation logic is that when BTC is transferred to a wallet, it is regarded as a “buy” and when it is transferred out, and by calculating the average cost basis of each wallet × the number of positions, the “realized market capitalization” of the whole network can be obtained, which reflects the total amount of capital entering the Bitcoin market through real on-chain activities.
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The data shows that more than 20,000 addresses hold BTC worth tens of millions of US dollars, with a total value of 200 billion US dollars
On June 17, according to the data platform, currently over 20,000 Bitcoin Addresses have Holdings worth over 10 million USD, totaling approximately 200 billion USD, accounting for nearly 9.43% of the total BTC supply and over 21% of the “realized market capitalization”.
The “Realized Cap” operation logic is that when BTC is transferred to a wallet, it is regarded as a “buy” and when it is transferred out, and by calculating the average cost basis of each wallet × the number of positions, the “realized market capitalization” of the whole network can be obtained, which reflects the total amount of capital entering the Bitcoin market through real on-chain activities.