Bitcoin has experienced a significant rise in capital inflows, with a net increase of $21.8 billion (+3.3%) over the past 30 days.
This surge has driven the asset’s Realized Cap to an all-time high of over $646 billion, indicating that liquidity is rising across the market. This capital influx is playing a crucial role in supporting Bitcoin’s recent price growth.
Net capital inflows into the #Bitcoin asset have accelerated, increasing by $21.8B (+3.3%) over the last 30 days. Resulting in the Realized Cap ticking up to a new ATH, reaching over $646B.
Suggesting that liquidity across the asset class is rising, & meaningful capital inflows… pic.twitter.com/f7HUDfvkgg
— glassnode (@glassnode) October 24, 2024
One of the most notable trends is the record-breaking accumulation by whales, who now hold approximately 670,000 BTC, marking the highest level in history. This concentration of large-scale holdings points to long-term confidence in Bitcoin’s future, offering an optimistic outlook for the asset.
Whales’ holdings are at an all-time high
“Whales currently hold around 670,000 $BTC, which is the highest value ever. Undoubtedly, this is an optimistic long-term sign.” – By @BaroVirtual
Full post https://t.co/MoFLpZ3Rmh pic.twitter.com/7esCP6fVBE
— CryptoQuant.com (@cryptoquant_com) October 24, 2024
While whale accumulation is strong, Bitcoin’s next major breakout may depend on attracting new retail and institutional investors. The stabilization of UTXO (Unspent Transaction Output) decline for assets held for less than six months could signal a potential price surge, similar to trends seen in previous market cycles. This stabilization is often an early indicator of strong upward momentum.
Just 8.6% Of Bitcoin Investors Are Experiencing Losses
Currently, only 8.6% of Bitcoin investors are experiencing losses, which suggests overall optimism in the market. As new investors enter the market, Bitcoin could see an explosive breakout, pushing its price to new heights.
Bitcoin’s next major breakout hinges on attracting new investors.
The stabilization of the UTXO decline for assets held under six months suggests a potential price surge, similar to previous cycles.
With just 8.6% of investors experiencing losses, optimism remains crucial.
— Kyledoops (@kyledoops) October 24, 2024
Further evidence of rising investor interest is the activity in Bitcoin spot ETFs. On October 23, Bitcoin spot ETFs saw a net inflow of $192 million, while BlackRock’s ETF IBIT recorded an impressive inflow of $317 million. These inflows highlight increasing demand from institutional investors and suggest that Bitcoin’s momentum is building toward another significant price move.
On October 23, Bitcoin spot ETFs had a total net inflow of $192 million, and BlackRock ETF IBIT had an inflow of $317 million. Ethereum spot ETFs had a net inflow of $1.2663 million. https://t.co/59u0BnEqLG
— Wu Blockchain (@WuBlockchain) October 24, 2024
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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