- Bitcoin’s realized cap hits $832B, but capital inflows slow down post-$100K price.
- Despite rising prices, new investments are slowing, hinting at changing market sentiment.
- Realized profits have dropped by 93%, indicating reduced sell-side pressure and market stability.
Bitcoin’s realized capitalization reached an all-time high of $832 billion in January 2025, marking a significant milestone for the cryptocurrency. However, according to Glassnode, capital inflows into the market have slowed since Bitcoin crossed the $100K price threshold.
Realized capitalization measures Bitcoin’s transaction value adjusted for price. It has grown at a steady rate of $38.6 billion per month, indicating sustained activity despite reduced new investments.
Related: Bitcoin’s Realized Cap Reflects Strong Capital Inflows Into BTC Market
Bitcoin’s Price Growth vs. Slowing Capital Inflows
Bitcoin’s price has continued to rise, but capital inflows show a different trend. Glassnode’s data reveals a flattening of positive inflows, with metrics showing a decline beginning in mid-2024. By late 2024, capital inflows had dropped, highlighting reduced investment activity despite the ongoing price rally.
The net realized profit-taking metric peaked at $4.5 billion in December 2024 as investors locked in gains during the price surge. As of January 2025, this figure fell sharply to $316.7 million, a 93% drop, indicating reduced sell-side pressure.
Demand Persists Despite Declining Realized Profits
Although realized profits have decreased, the overall realized profit and loss metric remains relatively high. By January 2025, the absolute realized profit had dropped from $4 billion to $1.4 billion—a 65% decline—but still reflects strong demand in the market.
Related: Realized Cap Suggests Bitcoin Will Reach $141,000 Soon – Analyst
Entity-adjusted realized profit and loss data, which accounts for activity by large holders, shows a shift toward a more balanced supply-demand dynamic, reinforcing Bitcoin’s market stability at current price levels.
Despite this decline, the metric still reflects a day-to-day demand that continues to absorb the capital flows, suggesting a stable underlying market. The entity-adjusted realized profit and loss, which accounts for large holders, shows a similar trend, indicating a continued shift toward a more balanced supply-demand dynamic.
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