Realized Capitalization tracks the actual net inflow of capital held in the chain.

The indicator has flipped into positive🟩 territory after 7 months of capital contraction.

Historically, all major market pullbacks — such as those in 2015, 2019, and early 2023 — were confirmed when this oscillator crossed back above🔺 zero after a prolonged period of capital outflows.

This transition confirms that liquidity leakage has dried up and net is once again flowing back into the BTC network.

Written by G a a h