Bitcoin liquidity is showing signs of improvement after the 30-day rate of change in realized cap moved above zero on Aug. 24, ending 87 days in negative territory. The metric increased from +0.10% to +0.88% by Sept. 6, while realized cap rose $9.36 billion over 30 days to $1.068 trillion. On-chain analyst Axel Adler Jr. said the continued increase in realized cap, even as BTC fluctuated around $80,000, suggests the prolonged contraction in capital is reversing. Realized cap, which values Bitcoin based on the prices at which coins last moved, helps track liquidity flows, investor behavior and market sentiment. Adler said a sustained recovery would require the 30-day rate to remain positive and total realized cap to continue expanding.