As the money flow towards Bitcoin grows like an avalanche, a striking data has reached its all-time high level.
According to data provided by the on-chain analysis platform Glassnode, the Bitcoin’s realized cap data reached $504 billion, becoming the highest level of all time. This surge is due to millions of dollars in cash entering the market, especially from institutional side.
Reaching the ATH level, the realized cap has successfully surpassed the bull peak of 2021, drawing the attention of analysts. Even the monthly money flow reached $54 billion. Glassnode addressed the significant impact of spot Bitcoin exchange-traded funds (ETF) in its statement:
These data partially demonstrate the importance of capital inflows for Bitcoin, in part due to the tremendous success and demand for new US ETF products.
