Bitcoin Realized Cap Breaks ATH As Capital Inflows At Unprecedented Rates
Summary
Bitcoin's Realized Cap has reached a new all-time high, surpassing $540 billion, indicating unprecedented capital inflows. The Realized Cap calculates the total value of the cryptocurrency based on the last transfer price on the blockchain. The recent surge in Realized Cap is attributed to increased trading activity and profit-taking as the price of Bitcoin has risen. This surge is also linked to the approval of Bitcoin spot exchange-traded funds (ETFs) in January, which have absorbed BTC supply, leading to an extraordinary rate of capital inflows. Despite a recent drawdown, Bitcoin's price remains around $66,100.
