While the flow of money into Bitcoin grows exponentially, a data that stands out reached its all-time high.
According to data provided by the on-chain analysis platform Glassnode, Bitcoin’s realized cap data reached $504 billion, hitting an all-time high. This increase was driven in particular by millions of dollars in cash put into the market, especially from institutional side.
The realized cap reaching its ATH level also managed to attract the attention of analysts, surpassing the bull peak of 2021. The monthly basis alone saw a flow of $54 billion. In its statement, Glassnode addressed the significant impact of spot Bitcoin exchange-traded funds (ETFs):
These figures highlight how crucial capital flows are for Bitcoin, partly due to the tremendous success and demand for new US ETF products.
