Key Takeaways
- Bitcoin's realized profit reached a record high of $3.51 billion on March 13.
- Despite high profit-taking, the market showed resilience with a normalized profit of $3.31 billion by March 18.
- Bitcoin's realized cap has grown to to $528.32 billion.
Realized profit, which indicates the cumulative profit of all Bitcoins moved on-chain, hit an all-time high of $3.51 billion on March 13.
This spike came as Bitcoin’s price broke its all-time high, trading just above $73,100.
The previous record was $3.130 billion, set on January 10, 2021.
Market shows resilience amid volatility
Despite the high profit-taking, Bitcoin’s price remained relatively stable.
The realized profit declined to $3.31 billion by March 18, suggesting a normalization after the initial sell-off.
This resilience highlights the market’s depth and investor sentiment.
Rezlied market cap grows past $500 billion USD
The realized cap, a measure of Bitcoin’s market valuation, grew steadily from $429.97 billion at the beginning of the year to $528.32 billion on March 18.
