CryptoQuant Analyst: Bitcoin's Daily Capital Inflow Reaches $1.8 Billion, Approaching Last Bull Market Peak
According to a report by Jinse Finance, CryptoQuant analyst Axel Adler Jr stated on social media that the demand in the Bitcoin market is approaching the peak levels of the previous bull market. Currently, there is an average daily inflow of approximately $1.8 billion into the market, comparable to the level when Bitcoin's price reached $64,000 in November 2021. In this cycle, the largest inflows occurred when Bitcoin's price reached $73,000 (peak of $3.6 billion) and $92,000 (peak of $4.5 billion). Axel Adler Jr noted that this indicator suggests that even after reaching an all-time high, investors still have the willingness to deploy large-scale funds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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