Bitcoin adds $4.6B as onchain liquidity rebounds 
Bitcoin’s realized capitalization increased by more than $4.6 billion during the week ending Aug. 30, according to CryptoQuant contributor Darkfost. The increase accompanied BTC’s sharp recovery from around $63,000 earlier in August to above $80,000. Darkfost described the increase as the strongest short-term realized-cap movement since the current bear market began. However, the analyst warned that the 30-day average growth rate remained just 0.4%, meaning the data does not yet confirm a sustained liquidity expansion. 
Realized capitalization values each Bitcoin at the price recorded when it last moved onchain. This differs from standard market capitalization, which values the entire circulating supply at the latest market price. When older coins move at higher prices, realized cap generally increases. Analysts often interpret that change as capital entering the market because coins are transferring to buyers with higher cost bases.
The latest $4.6 billion increase followed an extended period of declining or weak realized-cap growth. Darkfost said the reversal suggests incoming liquidity helped support Bitcoin’s recent price advance. The analyst nevertheless stopped short of identifying the move as a confirmed market regime change. “This move still needs confirmation,” Darkfost said, pointing to the modest 30-day growth rate.
