As of October 2025, more than one-third of Bitcoin's circulating supply has a cost basis exceeding $75,000, according to The Coin Republic. Specifically, 34.7% of the supply, or 6.91 million BTC, is valued above this threshold, with 11.5% purchased at over $110,000. This trend underscores robust institutional and corporate demand, highlighted by BlackRock’s IBIT ETF amassing $50 billion in assets under management within 227 trading days. Additionally, Bitcoin's market dynamics have evolved, with realized volatility stabilizing since 2023 and the Realised Cap surpassing $1 trillion. These developments suggest a significant shift in market sentiment, reflecting increased confidence and investment in the cryptocurrency.