Bitcoin’s New Record: Are We One Step Closer to The Moon? 🚀💰

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Well, well, well, folks! It seems our favorite digital diva, Bitcoin (BTC), has just smashed its own record! 🎉 It’s now breaking into an all-time high (ATH) of realized capitalization for the fourth week in a row! Can someone pass the popcorn? 🍿 And guess who’s stuffing their wallets? Yep, those sneaky Bitcoin whales and spot ETF folks are loading up – it’s like Black Friday, but for crypto!

Hold Onto Your Hats – Bitcoin’s Realized Capitalization is on Fire! 🔥

According to the latest from our buddy Carmelo_Aleman at CryptoQuant, Bitcoin is flexing its muscles, surpassing $906 billion in realized capitalization as of May 18, 2025. 🎈 That’s right, ladies and gentlemen, we’re talking about a fourth week of new highs, so grab a seat; the Bitcoin rollercoaster is just getting started!

Now, for those who are a bit confused, realized capitalization is like counting all the coins that actually moved, not just the ones sitting around in a digital drawer gathering dust. It’s the “real deal” value showing genuine enthusiasm from investors, minus those lost coins – you know, the ones that got wiped out faster than a bad Mel Brooks joke! 😂

Carmelo reports that BTC has been playing “will it break or won’t it break” near a resistance level of $104,731 for nearly 10 days! If this digital darling can finally break free, it could very well be preparing for the most epic breakout since the invention of the rubber chicken!

Next, there’s a big ol’ hurdle at $107,757 that BTC needs to leap over to possibly snag a shiny new ATH. Carmelo couldn’t resist adding:

“On May 8, when this range-bound phase kicked off, the total value of all UTXOs was $891,642,358. Fast forward 10 days and voila, $14,399,578 just magically dropped in – a 1.61% increase in Realized Capitalization. Abracadabra!” 🪄

According to Bitcoin UTXO Value Bands (and no, that’s not a band you can dance to), wallets holding 100 to 1,000 BTC are flexing their muscles, increasing their stash from 5.56 million BTC to 5.68 million BTC! That’s a 2.20% gain, folks! Talk about a fat wallet! 💼

Among ETFs, BlackRock’s IBIT spot ETF is breaking, uh, barriers! It’s the only major fund increasing its BTC stash, climbing from 621,600 BTC to 631,902 BTC. Meanwhile, other ETFs seem to be on a lunch break, either cashing out or sitting tight.

BTC: Aiming for the Moon, or Just Daydreaming? 🌙

As Bitcoin hovers just 5.1% below its ATH, analysts are dusting off their crystal balls and wondering if Bitcoin might just flirt with $120,000 as its next target. One model suggests it’s possible!

Adding fuel to the fire, nearly 100,000 BTC has been withdrawn from exchanges in the last three weeks! That’s typically a sign of long-term accumulation… or maybe people just really like their crypto at home! 😉 Last we checked, BTC is trading at $103,450, which is down 1.2%. But fear not; it’s just taking a quick breather!

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2025-05-20 09:53