Bitcoin Adds $732b In New Capital This Cycle As Market Structure...

Bitcoin’s latest bull cycle suggested a very different market structure defined by larger institutional participation, lower volatility, and deeper liquidity.

Bitcoin (BTC) rose on Wednesday, gaining 7.5% over the last 24 hours to trade above $93,000, as analysts expected new highs.

This comes amid record capital inflows, rising realized cap and decreasing volatility, which suggested a changing market structure, according to a new joint report from Glassnode and Fanara Digital.

Bitcoin has attracted a record $732 billion in new capital since the 2022 cycle low.

Breaking the resistance at $93,000 is crucial for sustaining the recovery.

Bitcoin’s recent sell-off saw it draw down as much as 36% from its all-time high of $126,000 reached on Oct. 6,  sparking fears of a crypto winter.

However, new research by Glassnode and Fanara Digital found that Bitcoin has attracted more than $732 billion in net new capital since the 2022 cycle low.

“The 2022–2025 cycle alone has attracted more capital than all previous cycles combined,” the report said, pushing the realized cap to roughly $1.1 trillion while spot price rose by over 690% to $126,000 at the peak from $16,000.

Related: Bitcoin surges to $93K after Sunday flush, as analysts eye $100K

This reflects the “profound impact of institutional adoption and the emergence of regulated investment vehicles, such as spot ETFs,” the report said, adding:

Source: CoinTelegraph