Bitcoin Receives New Capital Injection, Struggles to Stay Above 200EMA

Lately, Bitcoin has been struggling to stay above a critical line known as the 200 EMA. This line, which stands for exponential moving average of 200 days also gives a broader insight into the trends of Bitcoin’s price. Notably, Bitcoin’s price has been hovering below its high of $73k, according to Glassnode. As a result of this, long-term Bitcoin holders are now selling their holdings to new investors at higher prices.

Bitcoin Sees Record Investment of Over $79 Billion Monthly

This new investment capital has injected Bitcoin’s realized capitalizations to new all-time highs. Indeed, the remarkable investment in Bitcoin stands at an all-time high, reaching $544 billion. Moreover, the pace of Bitcoin’s investment on the daily stands at over $79 billion a month. Probably, it is indicating a strong vote of confidence in the giant of cryptocurrency.

Trending Now: Bitcoin Falls to $66k, Liquidating $157 Million; Eyes $64k CME Gap

Another significant red flag appears to be that while the realized capitalization of Bitcoin stands at all-time highs. The rate at which BTC’s supply is spreading out appears to have accelerated. In what might sound as a norm, some BTC are only coins that are not more than three months old, while the others are being spent.


BTC Breaks All-Time High, Signals Surge in New Investors

There is still significant benefit realization among BTC holders, with both the long term and short-term investors’ selling off their investment. However, the essence to point is that there is a shift where long-term holders appear to be selling coins worth more. This is a trend that suggests that there is a strategic approach of benefit realization.

Interestingly, Bitcoin managed to push through its all-time high in early March, a period of discovery followed. As a result of this, users started spending Bitcoin indicating a rise in the number of new investors. The Realized Cap metrics, which track the whole USD estimated value saved in Bitcoin, performed at a record high this week. By using on-chain metrics and analysis, investors can gain important insights into market trends, investor sentiment, and capital flows. Consequently, these insights will help them to navigate in the dynamic cryptocurrency market more effectively.

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