Why Bitcoin Is $2,500 Cheaper in South Korea & What It Reveals About Global Crypto Markets.
Share
Key Takeaways
Bitcoin’s realized cap has hit $1 trillion for the first time, confirming substantial accumulation at higher values.
Analysts expect Bitcoin to retrace but outperform by Q4, reinforcing the macro-bullish outlook.
As seen in red AO and declining CMF, short-term momentum has cooled, signaling a potential pullback.
Bitcoin’s realized cap has reached $1 trillion for the first time. This development comes four days after Bitcoin’s price hit an all-time high.
Following the move, BTC’s market value has reclaimed $120,000, and there are signs that it could retest the peak it reached on July 14.
In this analysis, CCN reveals what the recent milestone means for the coin and the potential performance for the rest of 2025.
Bitcoin’s Economic Foundation Strengthens
For those unfamiliar, Bitcoin’s realized capitalization is the aggregate value of all coins at their last moving price. With a $1 trillion realized cap now confirmed on-chain, BTC’s economic weight is more resilient than ever.
Since the Bitcoin realized cap has increased, old coins have moved at higher prices than when they last moved. It also indicates that new purchases occur on-chain at higher market values while long-term holders are re-accumulating.
Try Our Recommended Crypto Exchanges
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
If 2021’s realized cap-to-peak ratio repeats, Bitcoin’s price could be on track to hit between $150,000 and $210,000 before 2025 closes. However, this will depend on several factors, including buying pressure, market sentiment, and institutional interest.
Beyond the redistribution of coins from weak to strong hands, the milestone also indicates the network’s actual value. Should this hike continue, BTC might not have reached the top at $123,091.
Analysts Still Bullish Despite Drop
To support this, Woominkyu, an analyst on CryptoQuant, mentioned that Bitcoin could still break its all-time high. According to the analyst, the Spent Output Profit Ratio (SOPR) is not yet overheated.
He also mentioned that ETF demand and declining exchange inflow could put upward pressure on Bitcoin’s price after a short-term correction.
“Big picture is still bullish (ETF + macro tailwinds), so I’m treating sharp pullbacks as accumulation zones. 90‑day SOPR is inches from 1.02. That level has preceded quick 10‑20 % shake‑outs twice already this cycle,” Woominkyu highlighted.
Like Woominkyu, analyst Benjamin Cowen mentioned that Bitcoin might consolidate for some time. However, he expects the BTC price to outperform that of altcoins by the year’s fourth quarter (Q4).
“While I think ETH/BTC has bottomed for this cycle, there are decent odds that the collective ALT /BTC market will go lower by early Q4. This means that liquidity should flow from ALTs back to BTC, but again, this process could easily be several weeks away,” Cowen wrote on X.
BTC Price Prediction: Calm Before the Storm
In the meantime, Bitcoin’s price might undergo a short-term decline. But that does not mean it will not break a new peak.
From a technical point of view, the daily chart shows that the Awesome Oscillator (AO) has flashed red histogram bars. This AO position indicates that the momentum is switching from bullish to bearish.
Also, the Chaikin Money Flow (CMF) reading has turned downwards, indicating fading buying pressure. Should this linger, BTC risks declining to $108,053.
However, in the long run, Bitcoin’s price might hit a new all-time high. The image above shows that the coin could rally toward $167,004 before 2025 ends.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
