Blockchain
Bitcoin ‘Money Vessel’ Amasses $8B, Recovery Lacks ETF Inflows
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Bitcoin’s onchain inflows are signaling robust demand for the world’s largest cryptocurrency, with both investors and miners ramping up their activity despite the negative market sentiment since the $19 billion crypto crash.
Over the past week, Bitcoin’s (BTC) realized cap rose by over $8 billion to surpass $1.1 trillion, as BTC’s realized price rose above $110,000, indicating strong onchain inflows.
Bitcoin’s realized cap measures the dollar value of all coins at their last moved price, revealing the total investment held by Bitcoin holders.
The…
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