Bitcoin has achieved a significant milestone by surpassing a $1 trillion realized market cap, reflecting its growing acceptance and liquidity in the financial ecosystem. The cryptocurrency has maintained a price above $118,000, driven by strong institutional interest and substantial inflows, particularly from exchange-traded funds (ETFs). This surge in price and market cap indicates a robust demand for Bitcoin, as both long-term holders and new investors are increasingly confident in its value as a digital asset.

The recent transaction involving a $9 billion Bitcoin sale by a legacy investor highlights the increasing scale of Bitcoin transactions and the asset's integration into traditional finance. This transaction, executed by Galaxy Digital, underscores the growing institutional involvement in the cryptocurrency market. Additionally, the article notes that Bitcoin's liquidity is deepening, which could enhance its role in macroeconomic contexts, potentially influencing future regulatory discussions and market dynamics.