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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Bitcoin Inflows In Last 1.5 Years Surpassed First 15 Years Combined: Data

Keshav Verma
Keshav Verma
3 days ago
2 mins read
Bitcoin

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On-chain data shows inflows into Bitcoin have recently been so large that they outweigh the cumulative capital that entered BTC in its first 15 years.

Bitcoin Realized Cap Shows Acceleration In Inflows Recently

In a new post on X, CryptoQuant founder and CEO Ki Young Ju has shared the trend in the Realized Cap of Bitcoin over its entire history. The “Realized Cap” here refers to an on-chain indicator that measures, in short, the total amount of capital that the investors as a whole have put into the cryptocurrency.

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When the value of this metric rises, it means the investors are feeding a net amount of capital into the network. On the other hand, it going down suggests the cryptocurrency is facing outflows.

Now, here is the chart shared by Young Ju that shows how the Realized Cap has developed over the history of Bitcoin:

Bitcoin Realized Cap
The value of the metric seems to have sharply been going up in recent years | Source: @ki_young_ju on X

As displayed in the above graph, the Bitcoin Realized Cap saw an acceleration in 2024, implying capital started to enter into the digital asset at a faster rate. In the past year and a half, the metric has seen an explosive growth of $625 billion.

Interestingly, between 2009 and 2024, the Realized Cap cumulatively grew by $435 billion. This means that not only have recent capital flows overtaken these inflows that occurred over a much longer timespan, they have actually gained a notable distance.

The much sharper capital inflows are a reflection of how BTC is growing as an asset. A relatively modest amount of inflows may have been enough to double the asset’s value in the past, but today, a huge amount of capital is needed to move the needle.

A new catalyst for growth this cycle has been in the form of the spot exchange-traded funds (ETFs). These investment vehicles allow investors to gain exposure to Bitcoin without having to own any sats themselves. This has made these funds a popular way to invest for the traditional traders unfamiliar with cryptocurrency wallets and exchanges, and brought in previously untapped capital.

In some other news, on-chain analytics firm Glassnode has shared an update on how Bitcoin investor cohort behavior has recently looked from the lens of the Accumulation Trend Score.

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This indicator tells us about whether the BTC holders are buying or selling right now. Below is the chart posted by Glassnode that shows the trend in the metric for the various investor groups.

Bitcoin Accumulation Trend Score
Looks like the indicator has turned red in recent days | Source: Glassnode on X

From the chart, it’s visible that the indicator is in the neutral-to-distribution region for all groups currently, a sign that the Bitcoin investors as a whole are in a phase of selling.

BTC Price

At the time of writing, Bitcoin is trading around $115,400, up 3% over the last week.

Bitcoin Price Chart
How the BTC price has changed over the last five days | Source: BTCUSDT on TradingView
Featured image from Dall-E, Glassnode.com, CryptoQuant.com, chart from TradingView.com
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Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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