$15k Possible Bottom For Bitcoin? “Delta Cap” Says So
However, if one of these coins was last transacted at, say, $15k, and the other at $19k, then the realized cap would be $34k instead.
Now, the Bitcoin 'delta cap' is defined as the difference between the realized cap and the average of the market cap.
$15k Possible Bottom For Bitcoin? “Delta Cap” Says So
However, if one of these coins was last transacted at, say, $15k, and the other at $19k, then the realized cap would be $34k instead.
Now, the Bitcoin 'delta cap' is defined as the difference between the realized cap and the average of the market cap. The average of the normal market cap here is taken over the entire history of the crypto (and it's naturally a moving average).
The below chart shows the trend in the different market caps for BTC.
The normal market cap still seems to be above the delta cap at the moment | Source: CryptoQuant
As you can see in the above graph, the Bitcoin market cap has recently dipped below the realized cap.
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