TREE NEWS reports: Bitcoin’s realized cap rose by nearly $5 billion in the 30 days to Oct. 5, Glassnode data showed, with most of the increase coming from existing holders rather than fresh capital. The reading indicates the rally was driven by revaluation of coins already in circulation as the BTC price advance stalled.
Bitcoin monthly ‘new money’ inflows near $5B as rally stalls
The distinction Glassnode draws between revaluation of existing coins and genuine new capital matters more than the headline figure: a realized-cap increase dominated by holders re-marking their positions reflects conviction and unrealized gains, not fresh demand absorbing supply. That leaves the market's footing dependent on whether existing holders keep holding through a stalling advance, rather than on an expanding buyer base. What's worth watching is whether the composition shifts toward new-money inflows; continued reliance on revaluation would suggest the rally's fuel is internal rather than external.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.