Money Is Rotating Back Into Bitcoin, On-Chain Data Shows
BeInCrypto
On-chain metrics and futures data suggest investors are rotating capital from stablecoins back into Bitcoin, indicating a potential shift in market behavior.Summary
On-chain data indicates a liquidity shift as investors move capital from stablecoins back into Bitcoin, reversing a previous defensive stance. Analysts observe that Bitcoin's realized cap has recovered significantly, while stablecoin market capitalization has declined, suggesting a renewed appetite for the leading cryptocurrency. Furthermore, derivatives data shows speculators are net long, mirroring trends seen prior to previous market breakouts. While experts like Michaël van de Poppe suggest Bitcoin could reach higher price levels, they caution that the current environment is characterized by significant volatility rather than guaranteed upward momentum.
(Source：BeInCrypto)