Bitcoin has set a new maximum of all time (ATH) of approximately $ 123,000, but the affluent of the cryptocurrency market are still far from the peak observed in 2024.
The influence of cryptographic capital are currently sitting at $ 51 billion
As pointed out by the analyst Ali Martinez in a new post on X, there is a clear difference in the participation of the capital between the current Rally Bitcoin and that of December 2024.
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Below is the graphic designer shared by the analyst who compares the two executions of Toro.
The graph captures 30 -day capitals that occur for Bitcoin, Ethereum and Stablecoins. For the first two resources, it traces them using the hood indicator made.
The cap created is a capitalization model that calculates the total value of a certain cryptocurrency by assuming that each coin in the circulating offer has its own value equal to the last time that has changed its hands on the net. In short, what the metric represents is the quantity of capital that the investors of the activity as a whole have put us.
The changes in this indicator, therefore, correspond to the entry or exit of the capital on the network. As is visible in the graph, the 30 -day change of postcard has made for Bitcoin and Ethereum (colored in orange) has increased together with the last price rally, indicating that the capital has gone to these coins.
It is also evident that Stablecoin flows (blue) has also noticed an increase, although the staircase has been smaller. For stables, the flow of capital can be measured directly using market capitalization, since their price is always anchored to $ 1 means that the limit made never differs from market capitalization.
In the cryptocurrency sector, the capital comes mainly through three entrance points: Bitcoin, Ethereum and Stablecoins. Altcoin usually receive only a rotation of capital from these activities. Since the flows relating to the three have recently been positive, the market as a whole has received a capital injection.
In total, the affluent of aggregated capital for the cryptocurrency sector have been $ 51.2 billion in the last month. This is certainly a considerable figure alone, but it pales compared to what testified before.
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As Martinez highlighted in the ranking, the monthly capitals flows reached the peak of almost $ 135 billion in the Bitcoin Rally of December 2024 above $ 100,000, more than double the most recent number.
Something to keep in mind, however, is the fact that the previous race was more explosive, while the last one arrived in two waves: a wave of initial recovery greater than $ 100,000 which led to a consolidation phase and the current breakout in the levels of $ 120,000. This could, at least in part, explain why the metric appeared relatively cold recently.
Bitcoin price
At the time of writing, Bitcoin is exchanged of about $ 121,700, growing by almost 3% in the last 24 hours.
In the foreground image from Dall-e, GlassNode.com, graphic designer from tradingView.com