glassnode(@glassnode):Existing holders have been carrying this bitcoin:native rally. The realized cap keeps climbing while new money from ETFs, stablecoins and treasuries is dropping. The 2024 and 2025 rallies showed the same gap, but on far larger inflows. A pickup in new money would put real demand behind BTC.

glassnode

@glassnode

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glassnode@glassnode

2026.10.08 16:56

Existing holders have been carrying this bitcoin:native rally. The realized cap keeps climbing while new money from ETFs, stablecoins and treasuries is dropping. The 2024 and 2025 rallies showed the same gap, but on far larger inflows. A pickup in new money would put real demand behind BTC.