As the inflow of money to Bitcoin grows like an avalanche, a striking data has reached the all-time high level.
According to the data shared by the on-chain analysis platform Glassnode, the realized cap data on Bitcoin (BTC) has reached $504 billion, hitting an all-time high. The rise has been driven by millions of dollars in cash injected into the market, especially from institutional side.
Hitting the ATH level, the realized cap has managed to surpass the bull peak of 2021, drawing the attention of analysts. Even the monthly basis inflow of money reached $54 billion. Glassnode addressed the substantial impact of spot Bitcoin exchange-traded funds (ETF) in their statement:
These data underscore how important capital inflows are for Bitcoin, owing in part to the enormous success and demand for new US ETF products.
