Despite Bitcoin's Surge…"Minimal Inflow of New Funds"

Source
Son Min

Summary

  • Despite Bitcoin reaching a new all-time high, it was analyzed that the inflow of new funds remains minimal.
  • When Bitcoin broke through $100,000 last December, $135 billion entered the market; however, this year, the figure has been only $51 billion.
  • Currently, Bitcoin is reported to be trading at $122,404, up 3.84%.

Despite Bitcoin (BTC) reaching a new all-time high (ATH), analysis shows that the inflow of new investors remains minimal.

On the 14th (local time), Ali Martinez, a crypto asset (cryptocurrency) analyst, shared on X (formerly Twitter), "When Bitcoin hit $100,000 in December last year, $135 billion entered the market," but added, "This year, although Bitcoin has hit another new high, only $51 billion has flowed into the market."

As of 6:10 p.m., Bitcoin is trading at $122,404 on the Binance USDT market, up 3.84% from 24 hours ago.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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