bitcoin investor The company is now showing renewed enthusiasm for the largest crypto asset as it experiences a notable surge in net capital inflows. This shows that overall market demand is rising, and there is growing speculation that it could rise in the coming months.
Bitcoin capital inflow is rapidly increasing, will strong demand continue?
According to a current report from Glassnode, the world's leading financial and on-chain data company, net capital inflows Bitcoin is on the rise, reflecting strong confidence in digital assets. data According to research by Glassnode, total capital flowing into BTC increased by more than 3.3% over the past 30 days to a whopping $21.8 billion, the highest level since July.
It is worth noting that increased capital inflows have caused significant global growth. realized capitalization The value of BTC reached around $646 billion, and major indicators soared to all-time highs. This indicates that liquidity in the asset class is increasing and price increases are being supported by large capital inflows, with realization limits hitting new all-time highs.
The surge in net capital inflows suggests growing interest in BTC at both institutional and retail levels, which signals growing optimism about its possible future. price rise movement.
It also implies a deep-rooted view that Bitcoin is a resilient asset for long- and short-term investments, despite market volatility, as these investors continue to bet on BTC. On the other hand, if this trend continues, it could portend an upward trajectory for prices in the near future.
Glassnode is also highlighted in another article report Bitcoin's spot price has been consistently rising as investors' confidence in the flagship cryptocurrency continues to grow.
The platform reveals that the price is rising towards the $69,000 level, indicating a 6.8% decline from the current high of $73,000. This spot price increase can be attributed to the recent increase in demand over the past few weeks due to common factors. positive market sentiment.
Additionally, Glassnode pointed out that with the help of technical and on-chain information, the price increase broke through multiple key resistance levels, creating one of the earliest signs of a bullish price trend since late June. did.
Individual investors’ interest in BTC has increased significantly
These significant developments coincide with increased interest in Bitcoin among retail and short-term investors in October. increasing demand in the market taking into account price fluctuations. IC News, information media, share Expansion on the X (formerly Twitter) platform.
According to IC News, retail investor interest increased in October, with retail investor on-chain activity increasing over the past 30 days and now approaching levels observed before 2019. That's what it means. BTCwas the highest ever recorded for March.
Featured image from Unsplash, chart from Tradingview.com
