Bitcoin Realized Cap Growth of $12.8 Billion Relied on Existing Holders: Glassnode
8 Articles
8 Articles
The pullback in Bitcoin following the recent surge has brought the strength of new buying back into focus. According to Glassnode, the new capital entering the market has lagged behind the on-chain increase in value. Low trading volume and short-term profit-seeking by investors are making recovery difficult.
Glassnode Reveals Bitcoin New Money Inflows Near $5B With BTC Rally Stalling
TL;DR Glassnode recorded $4.9 billion in new capital inflows into Bitcoin during the 30 days leading up to October 5. Existing investors accounted for approximately 60% of the $12.8 billion increase in BTC’s realized capitalization. Short-term holders accounted for 86% of profitable transfers to exchanges on a day when Bitcoin surpassed $85,000. Bitcoin (BTC) received ...
Bitcoin's Realized Cap Jumps Nearly $5 Billion But Price Won't Budge
Nearly $5 billion flowed into Bitcoin over the past month. The price barely moved. That’s the headline from Glassnode’s latest… Read the original on Bitcoin’s Realized Cap Surges Nearly $5 Billion, But Price Remains Stagnant. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Bitcoin ‘New Money’ Inflows Nearly $5B as BTC Rally Pauses
Bitcoin’s latest bounce has been supported more by internal market rotation than by fresh outside capital, according to on-chain research cited in Glassnode’s “The Week Onchain” newsletter. The distinction matters for traders and long-term investors because rallies driven mainly by existing holders can stall quickly when newer buyers start taking profits. Glassnode data shows “new [...]
Glassnode analysis points out that the new capital in Bitcoin totaled $4.9 billion in 30 days, below the recent valuation of the price
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