According to Alphractal data, there are currently more than 20,000 bitcoin address holdings worth more than $10 million, totaling about $200 billion, accounting for nearly 9.43% of the total BTC supply and more than 21% of the "realized market cap".
The operation logic of "Realized Cap" is that when BTC is transferred to a wallet, it is regarded as "buying" and when it is transferred out, it is regarded as "selling". By calculating the average cost basis × open position of each wallet, the "Realized Cap" of the whole network can be obtained. This indicator reflects the total amount of capital entering the Bitcoin market through real on-chain activities.
Over 20,000 Bitcoin Address Positions Worth Over $10 million, Nearly 9.43% of Total BTC Supply
2025-06-17 20:04:23
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