Bitcoin Realized Cap Impulse Turns Positive After 93 Days, Signaling On-Chain Capital Recovery

The Bitcoin Realized Cap Impulse indicator has turned positive for the first time in 93 days, marking the end of the longest capital contraction cycle since the 2022 bear market. This indicator tracks the momentum of the Realized Cap to measure capital base expansion. Data shows the indicator crossed the zero threshold on August 20 when BTC was priced at approximately $73,000 and has remained positive for eight consecutive days. While historical data suggests such signals often precede significant rallies, analysts caution that sustained positive momentum i