Bitcoin’s Realized Cap Soars to $890 Billion Amid Price Surge

Bitcoin’s realized capitalisation has hit $890 billion, reflecting strong investor confidence as accumulation grows among both long-term and short-term holders. While BTC recently surged above $97,000, traders are eyeing a potential breakout to $100,000 amidst discussions of larger market trends and resilience in support zones. Analysts have varying outlooks ranging from a market bottom to ambitious future highs.

Bitcoin has hit a notable milestone this week, with its realized capitalization rocketing to $890 billion. This figure is significant and underlines the growing confidence among investors, with both long-term and short-term holders boosting their allocations. The increase in the realized cap is being watched closely by traders, especially as they eye the ever-looming $100,000 mark for Bitcoin (BTC).

On May 6, the price of Bitcoin experienced a sharp move up, crossing $97,000. This surge coincided with an announcement from US Treasury Secretary Scott Bessent about upcoming trade discussions with China, set to begin on May 10. Following this news on May 7, the realized capitalization not only reached $890 billion but also marked three consecutive weeks of record growth.

The uptick in BTC’s realized cap, which essentially reflects the total investment value of all Bitcoin held at their last moved price, showcases robust investor belief. Moreover, it appears that large holders have been on a buying spree since March 2025, which is in line with overall bullish sentiment in the market. As reported by Cointelegraph, wallets holding between 10 to 10,000 BTC have accumulated a total of 81,338 BTC within a mere six weeks – further underwhelming confidence in the ongoing price rally.

Interestingly, Bitcoin whale addresses, which hold more than 1,000 BTC, have also seen a significant rise. The number of these large wallets surged from 1,945 at the start of March to 2,006 on May 7. This 30-day increment is indeed the most notable in 2025 and recalls a similar trend from Q1 2024 that had preceded a massive spike in Bitcoin’s price.

In terms of market behaviour, Bitcoin’s support zone between $93,000 and $95,000 proved strong on May 6, with bulls maintaining their grip there. However, there’s downside liquidity noted between $91,600 and $89,000. If bearish sentiments persist after the forthcoming FOMC minutes and Federal Reserve press conference, a retest of this area may be on the cards. Still, if BTC successfully breaks through its resistance zone around $97,000 to $99,000, the higher time frame might favour bullish momentum.

The resistance zone is critical; it came from a price cluster in Q1 that, previously, had resulted in a downward trend. A break above $99,000 could shift the dynamics, squeezing short positions and increasing bullish liquidity in the market. Interestingly, the $100,000 mark seems more of a psychological barrier rather than a robust resistance. Should Bitcoin establish support above the $97,000-$99,000 range, it could potentially clear a path towards $110,000, contingent on how market conditions unfold.

Notably, Michael van de Poppe, founder of MN Capital, hinted at a potential breakout following a dip below $94,000, suggesting it could represent a market bottom. His outlook carries optimism for Bitcoin reaching that sought-after $100,000 within the coming weeks. On another note, popular trader Honey forecasted a more gradual ascent for Bitcoin and expects an ambitious new all-time high of $111,111 by the end of Q2.

As always, though, it’s important to highlight that this piece doesn’t serve as investment advice. Engaging with cryptocurrency markets carries inherent risks, and it’s wise for investors to conduct thorough research before making any moves.