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Glassnode: The daily inflow of new capital into Bitcoin has dropped to about 730 million US dollars, significantly lower than the peak in March this year

Glassnode: The daily inflow of new capital into Bitcoin has dropped to about 730 million US dollars, significantly lower than the peak in March this year

Bitget2024/10/22 14:01
BTC+0.17%

Data disclosed by Glassnode shows that since reaching a historical high of $73,000 in March 2024, the speed of new capital inflow has been continuously declining. Because the Bitcoin network is peer-to-peer in nature, buyers and sellers are matched 1 to 1. Therefore, realized profit or loss indicators can be used as alternative measures for new capital inflows or outflows. According to this framework, currently about $730 million of new capital flows into the Bitcoin market every day. Although this is not small, it is significantly lower than the peak value of $29.7 billion in March.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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