Capital Is Flowing Into Bitcoin Almost At a Record Pace: On-Chain Data

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Bitcoin has exploded higher over the past few weeks. The coin is up around 50% in the past five weeks alone. Capital is flooding into the Bitcoin market almost at a record pace, according to Willy Woo. Woo specifically pointed to the Realized Price metric, which tracks the estimated cost basis of the average Bitcoin investor. Bitcoin Is Seeing Record Inflows… Almost: Willy Woo Bitcoin has exploded higher over the past few weeks. In the past five weeks alone, the leading cryptocurrency has gained 50% against the U.S. dollar, basically outperforming all other assets. Bitcoin currently trades for $15,900, far above the $9,800 lows of September though slightly below the $16,500 local highs. Capital is flooding into the Bitcoin market almost at a record pace, according to Willy Woo. The prominent on-chain analyst recently noted that per his data, it is clear that there is an influx of capital entering…

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