Current holders are carrying the weight of the ongoing $BTC rally.
Bitcoin’s realized capitalization continues to rise, while inflows of new capital from ETFs, *stablecoins*, and corporate treasuries are slowing.
The 2024 and 2025 rallies showed a similar divergence, but with much larger inflows of new capital. 📈
👉 A fresh wave of capital inflows could drive stronger demand and help sustain Bitcoin’s next leg up. The key question now is whether new capital will start flowing back into the market.
#BTC #BinanceSquareFamily
Bitcoin’s realized capitalization continues to rise, while inflows of new capital from ETFs, *stablecoins*, and corporate treasuries are slowing.
The 2024 and 2025 rallies showed a similar divergence, but with much larger inflows of new capital. 📈
👉 A fresh wave of capital inflows could drive stronger demand and help sustain Bitcoin’s next leg up. The key question now is whether new capital will start flowing back into the market.
#BTC #BinanceSquareFamily