- Bitcoin’s Realized Cap hits $906B, marking four straight weeks of bullish growth
- Whale wallets and BlackRock increase BTC holdings amid resistance near $104,731
- RSI signals overbought levels as MACD stays bullish despite short-term price dip
Bitcoin has once again captured market attention, as its Realized Capitalization reached an unprecedented $906 billion. This milestone, recorded on May 18, 2025, represents the fourth straight week of growth in this metric. According to Cryptoquant data, Realized Capitalization, unlike market cap, reflects the actual capital inflow by valuing each UTXO based on its last moved price.
This steady increase is not only a sign of heightened investor activity but also a strong indicator of long-term confidence in Bitcoin’s price trajectory. As the cryptocurrency hovers just below its peak, this accumulation phase could be a precursor to a breakout above its all-time high.
Bitcoin Accumulates Over $906 Billion in Realized Capitalization
— CryptoQuant.com (@cryptoquant_com) May 19, 2025
“If the trend of increasing Realized Capitalization continues, suggesting ongoing investor confidence in Bitcoin, it is very likely that Bitcoin will surpass its ATH in the near future.” – By @oro_crypto pic.twitter.com/z2YyAQWanz
Institutional and Whale Activity on the Rise
In the past 10 days, Bitcoin’s Realized Capitalization rose by $14.4 billion, a 1.61% increase. This climb occurred during a consolidation phase, as BTC traded near the $104,731 resistance level. Investor interest, especially from large holders, remained high throughout.
UTXO Value Bands show that wallets holding between 100 to 1000 BTC added 122,540 BTC during this period. This 2.20% increase is significant, as it often reflects moves by experienced or institutional players preparing for major price shifts.
Among ETFs, BlackRock stood out. It increased its holdings by 10,302 BTC, bringing its total to 631,902 BTC. While other funds either paused or took profits, BlackRock’s activity signals continued conviction in BTC’s upward potential. Their steady accumulation supports the broader narrative that smart money is positioning ahead of a potential breakout.
Price Action and Technical Signals
Despite the strong on-chain data, Bitcoin’s price slightly declined today. BTC is trading at $103,237, down 0.74% in 24 hours and 1.31% over the past week.
Still, technical indicators provide mixed signals. The MACD remains bullish with a positive crossover, though the histogram suggests that momentum might be weakening.
Additionally, the RSI has entered overbought territory at 70.17. Historically, BTC tends to pull back after hitting this level. Hence, short-term caution may be warranted. A break above the $104,731 resistance would open the path to the next major level at $107,757.
