Bitcoin Realized Cap Sets New Record, But Momentum Fades

The data on the series shows that the Bitcoin CAP has increased to the highest new level (ATH) recently, but the monthly flows slowly slowed.

CAP Bitcoin Detective grows at a significantly slower rate now

According to data from the Analysis Company on the series Glass knotAnd only a new bitcoin cover put a new record. The “maximum script” here refers to a formal form for Bitcoin, which calculates the total value of the original by assuming the “real” value of any symbol in trading equal to the immediate price that was last processed on the network.

The last treatment of a certain currency is likely to be the last point in which it has changed, so the price at the time of this step will indicate the current cost of the currency.

Since the maximum achieved summarizes this acquisition value for all the distinctive symbols of the circulating offer, it mainly determines the amount of capital that investors as a whole used to buy bitcoin.

Now, here is the indicator graph that the Analysis Company shares, which shows the trend in its value during the past few years:

As shown in the graph above, the Bitcoin Realized Rids followed a bullish trend for a period of time now. The higher the value of the indicator, this means that there is a net of capital that flows into the cryptocurrency. Thus, the long -term increase means that BTC has continuous flows.

However, while the capital was flowing without breaking, the growth rate was fluctuated during the cycle. From the graph, it is clear that the cover cover witnessed a particularly sharp rise in two periods: Q1 2024 and Q4 2024.

The Q1 2024 has followed a rapid slowdown in capital flows and so far, it seems that the Q4 2024 has seen something similar. At the peak of flows in December, the rate of the scale growth reached about 13 % per month. Today, this value decreased to only 0.9 % per month.

Growth is still ongoing, of course, the index has been able to set a new record of $ 872 billion. However, Glassnode explained, the slowdown can indicate “the appetite of the investor softening-which indicates the continuation of risk morale.”

Both fresh capital flows last year coincided with bull gatherings for Bitcoin, while the slowdown between the two led to a declining unification of the encrypted currency.

Low growth in the maximum growth so far has led to a noticeable decrease in the price of the original. Looking at the direction of last year, it is possible that a suitable reflection of BTC does not occur until the scale holds a more clear climbing task.