Bitcoin Realized Cap Hits New Peak, Eyes $110K Price Level

Edgen Crypto

·Jan 29 2026, 16:00

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Key Takeaways

Bitcoin's 'Realized Cap' on-chain metric reached a new all-time high on January 29, 2026, indicating fresh capital is entering the market at higher valuations. This development, combined with reduced selling from long-term holders, strengthens the bullish case for the asset.

New ATH: Bitcoin's 'Realized Cap', the aggregate cost basis for all coins, hit a new all-time high on January 29.
Holder Confidence: The milestone signals that selling pressure from long-term holders is fading, suggesting increased conviction.
Bullish Outlook: The on-chain data supports a potential price retest of the $110,000 level as the market's fundamental valuation strengthens.

Realized Cap Hits Record High on January 29

Bitcoin's 'Realized Cap' reached a new all-time high on January 29, 2026, providing a strong bullish signal for the network's underlying value. This on-chain metric, which calculates the aggregate value of all coins based on the price at which they were last moved, is often considered a more accurate representation of Bitcoin's economic significance than its standard market capitalization. A new peak indicates that capital is flowing into the asset at progressively higher prices, establishing a stronger valuation floor and demonstrating increased market confidence.

Fading Sell-Pressure Points to $110K Target

The ascent in the Realized Cap is driven by a notable decline in selling activity from long-term holders. As these experienced investors hold onto their assets, it reduces the available supply on the market. This supply constraint, paired with the new demand indicated by the rising Realized Cap, creates a constructive environment for price appreciation. This fundamental strength has led analysts to identify a potential retest of the $110,000 price level as a plausible next target.