While the money flow towards Bitcoin is growing like an avalanche, a remarkable data has reached an all-time high.
Reported by on-chain analysis platform Glassnode to data Realized cap data in Bitcoin (BTC) according to 504 billion dollars reached its all-time high. Especially behind this rise institutional There were millions of dollars of cash put into the market.
Realized cap reaching ATH level, 2021 It managed to attract the attention of analysts by leaving behind its bull peak in 2017. Even just monthly based money flow to 54 billion dollars reached. In its statement on the subject, Glassnode touched upon the great impact of spot Bitcoin exchange-traded funds (ETFs):
This data reveals how significant capital inflows are for Bitcoin, driven in part by the tremendous success and demand for new US ETF products.