The price is not the only metric to have recently reached a new ATH. The Bitcoin Realized Cap, being a measure of the total wealth stored in BTC on-chain, has also marched to set a new high of $504B, adding over $40B in capital inflows since 1-March alone.
The Realized Cap is currently increasing at a rate of $54B/month, approaching levels last seen during the run-up in early 2021. This highlights just how significant the capital inflows have been for Bitcoin, driven in part by the tremendous success and demand for the new US ETF products.
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