itcoin’s market Realized Cap, revealing net capital investment, has increased by 3.8% in the last 30 days to reach $656 billion. This is achieved through a monthly net capital flow of $ 2.5 billion.
Options Market Activity
Open interest in the Bitcoin options has been rising to almost record $25.2 billion, and trading volume is at $2.9 billion. This new phenomenon may be attributed to increased investor attention to BTC’s future price and anticipation of large future price fluctuations.
ETF Demand Remains Strong
Although Bitcoin ETF’s saw minor outflows prior to election results, as investors were de-risking in case of a Kamala Harris win, which could have affected the market negatively, there was more than $2.2 billion dollars inflows in the last week alone. Furthermore, analysts expect the trend of inflows to continue as bitcoin made a new ATH which will attract even more attention to the asset.
Uncertainty and Return on Investment
The report also points that the VRP of 27.9% meant traders foresee significant price changes and hence there isstill the possibility of Bitcoin prices rising or fluctuating in the near future.
Bitcoin Rally Shows Multiple Growth Signs
Glassnode report highlights institutional and retail demand, increased option market, and solid ETF inflow as the factors that have boosted Bitcoin to new high; more gains seen in the coming days.
