The implemented capitalization of Bitcoin reached a historical maximum of $ 872 billion, but the data show a decrease in Bitcoin’s appetite at the current price level. It is reported by Glassnode.
#Bitcoin‘S Realized Cap Has Reached An All-Time High of $ 872b, Yet Monthly Growth Has Slowed To +0.9%. This Indicates That While Capital Inflows Remain Positive, Investor Appetite Is Softening-Signaling Continood Risk -off Sentiment. pic.twitter.com/xbgzp7nowo
– Glassnode (@glassnode) April 17, 2025
Specialists of the analytical platform noted that the monthly growth of the indicator has slowed up to 0.9%, despite its record values. This indicates the reluctance of the market to take risks.
The realized capitalization takes into account the total value of the asset at the price during the last movement. The metric reflects the actually invested capital. Its influx remains positive, but the slowdown in growth involves a reduction in the number of new investors and the activity of current bitcoin holders.
Experts also noted that the schedule of profits and losses adjusted taking into account volatility in recent weeks demonstrates an almost equal balance.
Meanwhile, the clean -up/loss in Bitcoin returned to the volatility returned to the long -term median, analysts noted.
Analysts also indicated a slowdown in the growth of the supply of stablecoins in recent weeks. This is another sign of reduction in liquidity in digital assets and the formation of a more risky environment, they say.
#Stablecoin Supply Growth Remains Positive But Has Softened In Recent Weeks. As stablecoins Serve As Core quote Assets Across Crypto Markets, This SlowDown Adds Further Evidence of a Broad Contraction In Digital Asset Liquidity and A More RISK -OSK -OFF ENVIRONMENT. pic.twitter.com/2ccbnwsszp
– Glassnode (@glassnode) April 17, 2025
A little positive
The author of Cryptoquant under the nickname Avocado drew attention to the divergence of the Metric Metric movements Coinbase Premium and Korea Premium Index.
Coinbase Premium Recovers, Korea Lags
“This divergence Highlights that Current Market Direction is Driven by US-Base Activity ON Platforms Like Coinbase, While Interest From Korean Investors Appears muted. ” – By @avocado_onchain
Read More ⤵️https://t.co/g6ajbanbgh pic.twitter.com/allv3bvahx
– Cryptoquant.com (@cryptoquant_com) April 17, 2025
The indicator, traditionally signaling the activity of American investors, demonstrates all lower maximums and high minimums. This implies the potential for the resumption of the rising impulse in Bitcoin – the metric historically served as a leading indicator.
The Kimchi Prize, on the contrary, traditionally reacts to the price movements of the first cryptocurrency reactively, Avocado noted. Throughout the 2024 correction period, she showed a stable downward trend and moved to growth only after digital gold.
According to another author Cryptoquant with the pseudonym Crazzyblock, the current sales pressure is observed from the side of retail investors, while whales and experienced players continue to accumulate the first cryptocurrency.
Coinbase Premium Recovers, Korea Lags
“This divergence Highlights that Current Market Direction is Driven by US-Base Activity ON Platforms Like Coinbase, While Interest From Korean Investors Appears muted. ” – By @avocado_onchain
Read More ⤵️https://t.co/g6ajbanbgh pic.twitter.com/allv3bvahx
– Cryptoquant.com (@cryptoquant_com) April 17, 2025
The expert believes that a “classic shake” occurs – the crowding out of speculators and small participants from the market.
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Source: Cryptocurrency
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