Bitcoin ‘Money Vessel’ Amasses $8B, Recovery Lacks ETF Inflows

Bitcoin’s onchain inflows are signaling robust demand for the world’s largest cryptocurrency, with both investors and miners ramping up their activity despite the negative market sentiment since the $19 billion crypto crash. Over the past week, Bitcoin’s (BTC) realized cap rose by over $8 billion to surpass $1.1 trillion, as BTC’s realized price rose above $110,000, indicating strong onchain inflows. Bitcoin’s realized cap measures the dollar value of all coins at their last moved price, revealing the total investment held by Bitcoin holders. The new inflows are mainly attributed to Bitcoin treasury firms and exchange-traded funds (ETFs), according to Ki…