Bitcoin Hits $123,000—But Inflows Are Just A Fraction Of 2024’s Peak

Bitcoin Hits $123,000—But Inflows Are Just A Fraction Of 2024’s Peak


Bitcoin has set a new all-time high (ATH) around $123,000, but cryptocurrency market inflows are still far from the peak observed back in 2024.

Crypto Capital Inflows Are Currently Sitting At $51 Billion

As pointed out by analyst Ali Martinez in a new post on X, there is a stark difference in capital participation between the current Bitcoin rally and the one from December 2024.

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Below is the chart shared by the analyst that compares the two bull runs.

The graph captures the 30-day capital flows occurring for Bitcoin, Ethereum, and the stablecoins. For the former two assets, it tracks them using the Realized Cap indicator.

The Realized Cap is a capitalization model that calculates a given cryptocurrency’s total value by assuming that each

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