Bitcoin Realized Cap Slowdown
Glassnode, an on-chain analytics firm, reports a slowdown in Bitcoin demand. The Realized Cap, which estimates the total capital invested in Bitcoin, has recently lost momentum.
Reduced Capital Inflow
Glassnode’s chart shows that the rate of new capital flowing into Bitcoin has decreased significantly. This indicates a lower demand for the cryptocurrency.
Net Profit/Loss Absorption
The Net Realized Profit/Loss graph shows that the market absorbed significant profits during the recent all-time high. However, since then, profit realization has declined, further indicating reduced demand.
Bitcoin Price
Bitcoin briefly surpassed $71,000 but has since dropped back to around $70,200.
