has been experiencing a notable influx of capital as more users flocked to acquire this digital asset. As of this writing, the Realized Cap has surpassed a staggering $394 billion, indicating a consistent flow of capital into Bitcoin throughout 2023.
This upward trend in the Realized Cap suggests that coins are changing hands at higher prices overall, which implies a modest increase in new demand for Bitcoin this year.typically witnesses significant capital outflows as investors attempt to mitigate their losses. However, the current scenario portrays a different picture, with capital flowing into the asset.
The Realized Cap, one of the oldest and most widely observed on-chain metrics, is a powerful tool for evaluating the genuine capital inflows into Bitcoin. Given the amplified capital flow, it prompts us to consider the profitability of this asset.In 2023, the Net Realized Profit/Loss was predominantly profit-driven, witnessing a daily net inflow averaging around $270 million . This sustained profit regime marks the first of its kind since April 2022.
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Source: CryptoAmb - 🏆 22. / 68 Read more »