[Market News Flash] Latest data from Glassnode shows that the current Bitcoin surge is largely driven by existing funds, with insufficient new capital inflows.
Over the past 30 days (as of October 5th), approximately $4.9 billion in new funds flowed in, including purchases from corporate treasuries, subscriptions to the spot ETF ($BTC ), and growth in stablecoins. However, Bitcoin's realized market capitalization increased by $12.8 billion during the same period, meaning new funds accounted for less than 40%. Glassnode points out that unless the inflow increases significantly, the upward trend will continue to rely on existing players buying into each other's positions.
Another set of data is also noteworthy: among those who took profits during the recent surge in Bitcoin ($BTC ), 86% came from short-term holders with holdings of less than 155 days, the highest single-day figure in the past year.
#比特币 #BTC #On-chain Data
(Source: Cointelegraph)
⚠️Risk Warning: The above is market information sharing and does not constitute investment advice; investment involves risk, and caution is advised when entering the market.
Over the past 30 days (as of October 5th), approximately $4.9 billion in new funds flowed in, including purchases from corporate treasuries, subscriptions to the spot ETF ($BTC ), and growth in stablecoins. However, Bitcoin's realized market capitalization increased by $12.8 billion during the same period, meaning new funds accounted for less than 40%. Glassnode points out that unless the inflow increases significantly, the upward trend will continue to rely on existing players buying into each other's positions.
Another set of data is also noteworthy: among those who took profits during the recent surge in Bitcoin ($BTC ), 86% came from short-term holders with holdings of less than 155 days, the highest single-day figure in the past year.
#比特币 #BTC #On-chain Data
(Source: Cointelegraph)
⚠️Risk Warning: The above is market information sharing and does not constitute investment advice; investment involves risk, and caution is advised when entering the market.