The value stored in the Bitcoin network has hit a record $850 billion due to significant capital inflows since the 2022 market downturn.
Impact of Capital Inflow
Since the end of the 2022 bear market, Bitcoin attracted approximately $500 billion. The realized cap surpassed previous records. "This reflects the aggregate 'value stored' in Bitcoin at around $850 billion," Glassnode states.
Atypical Nature of Bitcoin Bull Market
Analysts at Glassnode observe the atypical nature of the current Bitcoin bull market. The current price cycle differs from previous ones. A new all-time high was reached in March 2024, making the cycle atypical.
Changing Investment Patterns
Changing investment patterns indicate that despite rising BTC prices, retail investors have yet to show the same level of "FOMO" as in previous cycles. This suggests new BTC demand is dominated by larger entities.
Bitcoin's capitalization has reached new heights, reflecting significant capital inflows and changing market trends. These shifts underscore the atypical nature of the current bull market and the prominent influence of large players.
