Bitcoin’s realized market cap achieved a remarkable all-time high of $2.22 trillion in late May, before retracting to $2.13 trillion at the close of June. Although the headline price wavered, an examination of Bitcoin’s complete valuation stack reveals a deep and resilient layer of capital inflows. This underlying strength offers a glimmer of hope amidst ongoing market fluctuations. Investors looking for stability might find insights in Bitcoin’s realized market cap trends. As the crypto landscape shifts, understanding these metrics will be vital for making informed decisions. Will Bitcoin continue to demonstrate this resilience in the face of adversity?