Bitcoin monthly ‘new money’ inflows near $5B as BTC price rally stalls
BTC when published $82,812Now $80,599 ▼ −2.67% since it was published
Bitcoin’s realized cap rise in the 30 days to Oct. 5 came mostly from existing holders, not fresh capital, Glassnode data showed. Bitcoin (BTC) price gains do not yet reflect enough new capital entering the market, analysis warns. “New money” inflows into Bitcoin — purchases by corporate treasuries, “stablecoin growth” and inflows to the US spot Bitcoin exchange-traded funds (ETFs) — totaled around $4.9 billion in the 30 days to Oct. 5. Bitcoin’s realized cap, which values each coin at the price it last moved onchain, grew by $12.8 billion, more than twice as much over the same period.
First reported by Cointelegraph. This page is a short excerpt; the full text is theirs.
