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Bitcoin On-Chain Gauges Turn Positive as Realized Cap Edges Higher

The shift hints at capital returning after February’s loss-driven shakeout.

Overview

  • Realized Cap now shows roughly +0.25% monthly growth after a -2.6% February drop, which CryptoQuant’s Darkfost says signals capital returning.
  • Net Realized Profit/Loss has flipped positive for the first time in more than five months, indicating more coins are moving at a profit, according to On-Chain Mind.
  • Bitcoin’s price has rebounded above $80,000 and is holding near $81,000, while NewsBTC notes that recent inflows remain weak by past bull-market standards.
  • Analysts warn the uptick is small and could stall if profit-taking grows faster than new buying, so sustained demand is the key test.
  • February’s selloff forced higher-cost holders to realize losses and hand coins to lower-cost buyers, a weak-to-strong hands shift that can set up recoveries if fresh capital persists.