Bitcoin Monthly New Money Inflows Near $5 Billion
Bitcoin's realized cap increase over the 30 days to Oct. 5 was driven largely by existing holders rather than fresh capital.
Bitcoin new money inflows remained modest as profit-taking expanded around the first $85,000 weekly close since January, according to Glassnode data. The data indicates that the rise in Bitcoin's realized cap over the 30-day period leading to Oct. 5 came primarily from existing holders rather than fresh capital entering the market.
Realized Cap Dynamics
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The realized cap movement highlights shifting behavior among market participants as prices consolidate near key levels. Rather than new participants driving the price action, existing coin supply is rotating as profit-taking activity scales up.
Key facts
- Bitcoin monthly new money inflows approached $5 billion in the 30 days leading to Oct. 5, according to Glassnode data.
- The rise in realized cap was driven mostly by existing holders instead of fresh capital.
- Profit-taking expanded around the first $85,000 weekly close since January.
Source: cointelegraph.com
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