Bitcoin Returns Above $100,000 As Monthly Inflows Hit $80 Billion
Bitcoin has returned to the $100,000 mark as on-chain data shows capital continues to flow into the asset at a rapid pace.
Bitcoin’s Cap Achievement Has Passed the $768 Billion Milestone
in a new postal On X, CryptoQuant founder and CEO Ki Young Ju discusses the latest trends in Bitcoin’s achieved cap. this”Cap achievedThis refers to an on-chain capitalization model that calculates the total value of BTC by assuming that the value of each token is equal to the price of its last transaction on the network.
Any previous transfer of a token may correspond to the last point at which it changed hands, so the price at that time can be considered its current cost basis.
Since the Realized Cap aggregates the value of all circulating tokens, it essentially calculates the sum of Bitcoin’s supply cost base. In other words, the model measures the total amount of capital invested in cryptocurrencies by investors as a group.
Now, here’s an indicator chart shared by Young Ju showing the trends in the digital asset’s value throughout its history:
As shown in the chart above, Bitcoin’s realized cap has been trending sharply upward over the past year, indicating that money is pouring into the currency at a rapid pace.
The founder of CryptoQuant pointed out: “Bitcoin attracts US$80 billion in funds every month.” “Nearly half of the funds that entered the Bitcoin market in the past 15 years were newly added this year.”
Thanks to these impressive inflows, total BTC investment has almost reached the $769 billion milestone. It’s unclear how long Realized Cap can continue on this sharp trajectory, but demand for the asset appears to remain high for now.
In its latest weekly report, the on-chain analytics firm glass node The same metrics are also discussed from different perspectives.
The chart above shows the cumulative data for Bitcoin”realized profit” and”realized losses”. As the name suggests, these indicators measure the amount of profit and loss, respectively, that investors realize or reap through selling.
In the history of cryptocurrencies, the difference between the cost basis and selling price of profitable transactions is $1.27 trillion, while the difference between the cost basis and selling price of underwater transfers is $592 billion.
The difference between these two metrics is roughly equal to Bitcoin’s realized upper limit.
bitcoin price
Bitcoin has recovered above $100,000 after falling below $95,000 earlier this week.
