Cryptocurrency analytics firm Alphractal has analyzed Bitcoin's Realized Capitalization metric and found that it has reached resistance levels last seen in 2019 and March 2024. Alphractal also highlighted the Long-Term Realized Capital Impulse metric, which aims to analyze demand from an on-chain perspective over long time frames. They also examined the shorter-term Realized Capital Impulse metric, which suggests that market enthusiasm for Bitcoin may not have fully materialized yet. Alphractal warns that a decrease in this metric could negatively impact the price, while an increase indicates a more positive and volatile market outlook. This analysis is not investment advice.



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