Realized Cap down 4% YoY in 2026?
That's net capital LEAVING $BTC on-chain. Not price dip — actual investor outflow.
Last time we saw negative realized cap growth? Bear market bottoms.
Either we're resetting for the next leg up, or smart money is rotating out early.
Watch closely.
That's net capital LEAVING $BTC on-chain. Not price dip — actual investor outflow.
Last time we saw negative realized cap growth? Bear market bottoms.
Either we're resetting for the next leg up, or smart money is rotating out early.
Watch closely.
