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![WorldOfMercek Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1523627208862048256.png) Mercek [@WorldOfMercek](/creator/twitter/WorldOfMercek) on x 118.3K followers
Created: 2025-07-19 01:03:56 UTC

X Trillion Dollars!

A huge day in Bitcoin history.

Realized Cap just hit X trillion dollars (net liquidity).

So, what’s Realized Cap?

It’s the realized value. Meaning, every moving UTXO is calculated at the price it last moved. It’s basically the average cost.

➡️ For example:
If I bought BTC last year at 50K and haven’t sold it, the realized value of that BTC is still 50K, which is also my cost basis. If I sell it at 100K, someone else is putting in an extra 50K liquidity.

That’s how the total inflow reached X trillion dollars!

Why average?

Because not every moving UTXO means a sale. But this data is widely used in onchain analysis and gives strong signals, like MVRV.

Thanks for reading 🙏

![](https://pbs.twimg.com/media/GwLE3JYXQAAjYLa.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946375418757464459/c:line.svg)

**Related Topics**
[50k](/topic/50k)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)
[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)
[coins pow](/topic/coins-pow)

[Post Link](https://x.com/WorldOfMercek/status/1946375418757464459)