According to online reports, according to CryptoQuant analysts, Bitcoin's capitalization reached US$882.228 billion, setting a record high. The on-chain indicator evaluates 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 capitalizations. Analyst Carmelo Alemán pointed out that historical data shows that large-scale accumulation of capitalization often predicts a significant increase in Bitcoin prices. Although prices have increased since April 9, Bitcoin's typical short-term explosive rise has not yet occurred. If the current accumulation trend continues, it may indicate that Bitcoin is about to usher in the next round of major market conditions.