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Glassnode Glassnode @glassnode · 44.1K subscribers
Post #622 18K
In the wake of one of the largest deleveraging events in digital asset history, the #Bitcoin Realized Cap has returned to May 2021 levels.

The Realized Cap decline, and significant realized losses signal that a near complete capital reset has taken place of the speculative premium since the end of the 2021 bull cycle.

Read more in the Week On-chain
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