The CryptoQuant founder has shared a model for Bitcoin that suggests the cryptocurrency’s maximum price could lie around $135,000 right now.
Bitcoin Model Established On Realized Cap Could Reveal Price Ceiling & Floor
In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed about a BTC pricing model that’s based on the Realized Cap. The “Realized Cap” here refers to an on-chain valuation model for Bitcoin that assumes the ‘real’ value of any coin in circulation is the price at which it was last transacted on the blockchain.
For any token, its last transfer is likely to represent the last instance of it changing hands, so the price at its time could be considered as the token’s current cost basis. As such, the Realized Cap is a sum of the cost basis of all coins on the network.
Put another way, the Realized Cap measures the total amount of capital that the holders of the cryptocurrency as a whole have invested into it. A new metric can be
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