Bitcoin slipped to $112,378, showing continued decline despite the realized cap reaching a record $1 trillion.
Bitcoin: Current Price and Trends
On August 25, Bitcoin (BTC) fell to $112,378, marking a 2.2% drop over the past 24 hours. This decline increases weekly losses to 2.6%, with Bitcoin positioned at the lower end of its weekly range between $112,023 and $117,016. Over the month, BTC has lost about 4%, part of a cooling phase following a strong summer rally.
Shift of Assets from Bitcoin to Ethereum
Some older Bitcoin holders appear to be rotating into Ethereum (ETH). On-chain monitoring platform Lookonchain reported on August 24 that a dormant BTC wallet, inactive for years, moved 6,000 BTC worth approximately $689.5 million into ETH. This wallet has thus far accumulated 278,490 ETH ($1.28 billion) at an average price of $4,585, and still holds 135,265 ETH ($581 million), indicating strong confidence in Ethereum's future trajectory.
Bitcoin Realized Cap Exceeds $1 Trillion
Despite its short-term retracement, Bitcoin reached a historic milestone: on August 24, Bitcoin's realized cap surpassed $1 trillion for the first time. This metric reflects real capital flow into Bitcoin by accounting for the prices at which coins were last transacted. The $1 trillion threshold points to record levels of liquidity entering the network and suggests that the rally is supported by tangible investment.
Though facing recent price challenges, Bitcoin continues to show growth potential through its realized cap and market activity. The shift of capital towards Ethereum also highlights changing investor preferences.
