Shows Market Strength as Monthly Inflows Set New Records
The post Shows Market Strength as Monthly Inflows Set New Records appeared on BitcoinEthereumNews.com.
TLDR Bitcoin surpassed $100,000 again after temporarily dropping below $95,000, with monthly capital inflows reaching $80 billion The Bitcoin Realized Cap has reached $768 billion, with nearly half of all historical Bitcoin investment occurring in 2024 On-chain data shows cumulative Bitcoin realized profits total $1.27 trillion versus $592 billion in realized losses CryptoQuant data indicates unprecedented capital flow into Bitcoin during 2024 Market recovery was swift after brief dip under $95,000 earlier in the week Bitcoin has pushed back above the $100,000 price level after a brief decline below $95,000 earlier this week. The recovery comes amid data showing unprecedented capital inflows into the leading cryptocurrency. CryptoQuant founder and CEO Ki Young Ju revealed that Bitcoin is currently attracting approximately $80 billion in new capital each month. This rate of investment represents a historic high for the digital asset. The Bitcoin Realized Cap, which measures the total capital invested in the cryptocurrency, has now reached $768 billion. This metric calculates Bitcoin’s value by considering the price at which each coin last moved on the network. According to data shared by Ki Young Ju, nearly half of all capital that has entered the Bitcoin market since its creation in 2009 has flowed in during 2024 alone. This suggests an acceleration in institutional and retail investment interest. #Bitcoin is attracting $80 billion every month. Nearly half of the capital that has entered the Bitcoin market over the past 15 years was added this year. If you don’t understand what this means, you still don’t understand Bitcoin. pic.twitter.com/7qvk8tUzlu — Ki Young Ju (@ki_young_ju) December 12, 2024 The Realized Cap serves as an important indicator of market health by revealing the actual capital committed to Bitcoin rather than just the market price multiplication. Unlike market capitalization, this metric is less susceptible to price manipulation.…
Filed under: News - @ December 13, 2024 10:18 am