Bitcoin monthly ‘new money’ inflows near $5B as BTC price rally stalls
Summary
Glassnode estimates that Bitcoin received about $4.9 billion in new-money inflows over 30 days to Oct. 5, while realized cap rose $12.8 billion, indicating existing holders drove most of the increase. The firm says the rally depends on stronger inflows to sustain it. Bitcoin repeatedly failed to break above $87,000 and traded near $83,000. On the day it closed above $85,000, about 86% of coins sent to exchanges at a profit came from short-term holders, the highest share in a year. Their aggregate cost basis was about $78,250 as of Oct. 7.
