Well, well, well, what do we have here? Bitcoin has hit a new all-time high (ATH) of $123,000, but it seems like the party guests are a bit late to the bash. The cryptocurrency market inflows are still a fraction of what we saw back in 2024. 🕵️♂️
Crypto Capital Inflows Are Currently Sitting At $51 Billion
According to the ever-so-wise analyst Ali Martinez, who posted this on X, there’s a stark difference in how much the big spenders are showing up for this Bitcoin rally compared to the one from December 2024. 📊
Check out the chart Martinez shared, which compares the two bull runs:
The graph shows the 30-day capital flows for Bitcoin, Ethereum, and the stablecoins. For Bitcoin and Ethereum, it uses the Realized Cap indicator, which is like a fancy way of saying “how much money people have actually put into these coins.” 🤑
So, when this indicator goes up, it means more money is flowing into the network. As you can see from the chart, the 30-day Realized Cap change for Bitcoin and Ethereum (in orange) has gone up with the latest price rally. That’s a good sign, right? 🙌
But wait, there’s more! Stablecoin flows (in blue) have also seen an uptick, though not as much. For stablecoins, the capital flow is measured by their market cap because their price is always pegged to $1. So, the Realized Cap is the same as the market cap. 🤓
In the crypto world, capital mainly comes in through three doors: Bitcoin, Ethereum, and stablecoins. The altcoins usually just get a rotation of capital from these big boys. Since the flows for the three have been positive, the market as a whole is getting a nice injection of capital. 💉
For the past month, the total capital inflows for the cryptocurrency sector have been $51.2 billion. That’s a decent chunk of change, but it’s nothing compared to the $135 billion we saw in December 2024 during the Bitcoin rally above $100,000. 🤯
Martinez points out that the previous rally was more explosive, while this one has come in two waves: an initial surge above $100,000, followed by a consolidation phase, and now the current breakout into the $120,000 levels. This might explain why the inflows have been a bit cooler recently. 🌡️
Bitcoin Price
As of now, Bitcoin is trading around $121,700, up nearly 3% over the last 24 hours. So, it’s still climbing, but where are the 2024 fans? 🤔
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2025-07-15 05:11