Bitcoin monthly ‘new money’ inflows near $5B as BTC price rally stalls
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Bitcoin saw about $4.9 billion in new capital inflows over the 30 days to Oct. 5, while its realized capitalization rose by $12.8 billion in that same period. Most of that realized cap increase came from existing holders, and short-term holders made up 86% of profitable transfers to exchanges on the day Bitcoin moved above $85,000.
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Bitcoin holders and traders would have noticed that the market’s realized capitalization climbed while the price rally slowed around Oct. 5. The data also shows activity from short-term holders on the day Bitcoin crossed $85,000, which is the kind of flow exchange users and market participants would see in transfer patterns.
Before this period, fresh capital was a larger part of the story; in this window, the realized cap increase is described as coming mainly from existing holders. What stays the same is that Bitcoin still saw new money enter, but the balance between new capital and existing-holder activity shifted in the measured 30-day span. (per cointelegraph.com)
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