Bitcoin's realized capitalization reached a new all-time high of $906 billion, driven by increased accumulation from large holders and fresh capital inflows. Despite a minor price pullback, this milestone reflects strong investor confidence and improved portfolio performance. Concurrently, Bitcoin futures open interest across major exchanges surged to an all-time high of approximately $75 billion in U.S. dollar terms, indicating heightened speculative activity and leveraged positioning. Spot ETFs absorbed $667 million in inflows in a single day, while whales continue to add over 1,000 BTC daily. Market conditions show low liquidation levels and tightening liquidity, with macroeconomic indicators such as Japan's 30-year government bond yield surpassing 3.1% and the U.S. 30-year yield near 5% potentially influencing flows.