Bitcoin Capital Rotation Trend Shows Rare Signal For First Time This Bear Market
The Bitcoin price has slowed down after recent gains, slipping below $73,000. According to on-chain analyst Darkfost, a rare capital rotation trend is occurring for the first time this bear market. The Capital Rotation Net Position Change metric shows Bitcoin's realized cap hit a low of -$28.7 billion in late February, while stablecoin market cap increased by over $6 billion, indicating a flight to safety. Recently, Bitcoin's realized cap recovered to -$3 billion as stablecoin capitalization declined to -$1 billion, suggesting investors are gradually returning to risk assets like Bitcoin. This shift began during peak uncertainty around the Iran conflict, implying some investors may be using Bitcoin as a hedge against inflation and macroeconomic risks. Currently, Bitcoin is trading around $72,800, up over 8% for the week.
bitcoinist04/12 15:32
