Analyst: Bitcoin's realized market cap increased 0.88% over a month, supporting price recovery.
CryptoQuant analyst Axel Adler Jr. stated that Bitcoin's 30-day realized market cap change rate turned positive on August 24 after being negative for 87 consecutive days, reaching +0.88% on September 6. The realized market cap hit $1.068 trillion, increasing by $9.36 billion over the past 30 days, indicating an improvement in the on-chain cost basis after a prolonged contraction, which continued to rise while Bitcoin's price fluctuated around $80,000.
