Net capital inflows into $BTC by year:

2026: -$40B outflow projected

This is realized cap data showing actual capital movement, not just price action. If we're looking at negative flows for 2026, either:

• Macro liquidity tightening hard
• Profit-taking cycle peaks
• Risk-off rotation into other assets

RealizedCap tracks what investors actually paid, so negative inflows = more capital leaving than entering. Watch this metric closely as it often leads price moves by weeks.