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📊 $BTC Update: Old Holders Pumping The Market

Realized Cap is rising fast (purple line) but New Money from ETFs, Stablecoins & Treasuries (blue line) is still very low.

In 2024 & 2025 rallies, new money was $30B-$50B. Now it's only ~$10B.

It means current rally to $86k is driven by EXISTING holders re-pricing their coins, not fresh inflows.

👉 For $BTC to break $90k-$100k, we NEED fresh capital to come back. Watch the blue line.

Is new money coming or not? That's the key.