The influx of Bitcoin onto the network signals mighty demand for the world’s largest cryptocurrency, with both investors and miners increasing their activity despite negative market sentiment since the $19 billion cryptocurrency crash.
Over the past week, the realized Bitcoin (BTC) cap increased by over $8 billion, surpassing $1.1 trillion, while the realized price of BTC rose above $110,000, indicating a mighty inflow of funds into the network.
Bitcoin’s realized cap measures the dollar value of all coins at their last moved price, revealing the total investment held by Bitcoin holders.
According to Ki Newborn Ju, founder and CEO of analytics platform CryptoQuant, the recent inflows are mainly attributed to Bitcoin treasury companies and ETFs.
However, Bitcoin’s price recovery will remain narrow until Bitcoin ETFs and Michael Saylor’s strategy resume their large-scale acquisitions, Ju wrote in Sunday’s X issue. postadding:
“Demand is currently driven primarily by ETFs and MicroStrategy, which have been slowing purchases recently. If these two channels recover, market momentum will likely return.”
Related: Saylor predicts 150,000. Bitcoin dollars in 2025 despite Trump’s tariff shocks: finance redefined
Meanwhile, Bitcoin miners are expanding their operations, leading to an raise in hashrate, which is a “clear long-term bullish signal” for the continued growth of the “Bitcoin money vessel,” Ju explained.
Many immense Bitcoin miners have recently expanded their mining fleets, including Trump family-affiliated U.S. Bitcoin, which purchased 17,280 application-specific integrated circuits (ASICs) for about $314 million, Cointelegraph reported in August.
Related: Bitcoin ‘too steep’ for retail sale, threatens to end bull market cycle
Bitcoin 140 thousand dollars in November, depending on ETF flows: Analysts
Despite $8 billion in recent inflows, cryptocurrency investor sentiment has been unable to recover from the “fear” territory since the record $19 billion market crash in early October.
Investor sentiment remained delicate despite the White House issuing a comprehensive statement outlining the trade agreement reached between President Trump and Chinese President Xi Jinping ON Saturday.
However, a return to ETF inflows and a potential announcement of monetary easing by the Federal Reserve could push Bitcoin’s price to $140,000 in November, analysts at Bitfinex exchange told Cointelegraph, adding:
“In our base case, Bitcoin is rising towards $140,000, with total ETF inflows of $10 to $15 billion, which is not surprising.”
“Catalytic factors include Fed easing of monetary policy with two cuts in the fourth quarter, a doubling of ETF inflows and seasonal strength in the fourth quarter, while tariff and geopolitics risks persist,” the analysts added.
Warehouse: Bitcoin will see “one more big push” to 150,000. dollars, the pressure on ETH is growing
