📉 Bitcoin Transfer Volume Down 76%, Yet $160B Capital Growth Signals Bullishness

Josh Altons - Feb 24 - - Dev Community

📌 Bitcoin ( $BTC ) struggles, down 8% this month, approaching its first negative monthly close since Feb 2020. With BTC hovering near $95K, bullish momentum is weakening.

💰 Despite price stagnation, Bitcoin's realized capitalization grew by $160 billion (+23%) over three months, indicating significant new money flowing into BTC—seen as bullish long-term by analysts.

🔻 Network activity slowed dramatically: daily transfer volume fell by 76%, and active wallets dropped by 74% in the past week. However, long-term investors remain resilient, avoiding panic-selling.

⚠️ BTC tested crucial $95K support three times recently, increasing risks of revisiting sub-$91K levels if broken. Weak ETF inflows, highlighted by a $364M outflow on Feb 20, add short-term bearish pressure.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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