According to Deep Tide TechFlow news, on April 30, a CryptoQuant analyst stated that Bitcoin's realized capitalization has reached $882.228 billion, setting a new historical high. This on-chain metric assesses the actual investment value by calculating the price of each Bitcoin unit at the time of its last on-chain transfer, providing a more accurate measure of market sentiment than traditional market capitalization. Analyst Carmelo Alemán pointed out that historical data shows that large accumulations of realized capitalization often indicate a significant rise in Bitcoin prices. Although the price has increased since April 9, there has yet to be a typical explosive short-term surge in Bitcoin. If the current accumulation trend continues, it may signal that Bitcoin is about to enter the next major market cycle.