An analyst in the crypto space has reported that there has been an unprecedented amount of new capital flowing into the digital assets market over the past month.

In a recent update, crypto strategist Ali Martinez shared with his audience on X platform that the crypto market has seen a record-breaking influx of $110 billion in fresh capital within the last 30 days.

Martinez also pointed out some notable activity from large investors, particularly in Dogecoin (DOGE), where whales bought up 1.40 billion DOGE equating to approximately $280 million over a two-week period.

The current trading price of Dogecoin stands at $0.213, reflecting a 6.74% increase in the past 24 hours.

Regarding Bitcoin (BTC), the top cryptocurrency by market cap, Martinez indicated the formation of a bullish technical pattern on the 30-minute chart. He suggested that if BTC manages to move above its immediate resistance level after holding above the 200 EMA and breaking the neckline resistance at $71,580, there could be a potential 4.44% price increase to $74,760.

As of now, Bitcoin is priced at $70,468, slightly up from the previous day. Earlier, on January 23rd, Bitcoin traded at $39,833.