CryptoQuant CEO Ki Young Ju tweeted that the estimated size of Bitcoin SoV (store of value) is $1.03 trillion, up about 85% this year. Calculated as (off-chain) exchange trading: exchange reserves multiplied by VWAP to estimate the funds entering the market through the exchange; (on-chain) over the counter and exchange deposits/withdrawals: Bitcoin execution and settlement occur simultaneously. Capital inflows over the counter or on-chain activities on exchanges can be estimated using a real cap that tracks the cost basis of actual changes.