• BTC has seen its highest short-term net realized profit/loss in months.
• BTC has fallen below the $52,000 price level.

Bitcoin’s [BTC] recent price movements have reached new levels in the past few days, prompting many holders to sell. Despite these sell-offs, certain metrics indicate that there has been a consistent inflow of capital.

Bitcoin realized profit/loss shows capital inflow

The recent shift in Bitcoin’s price range has influenced the short-term net realized profit/loss trajectory, reaching its highest point since 2021. According to the Glassnode chart, this specific category of holders recorded a net realized profit/loss of over $647 million. 

Additionally, a broader analysis of the overall net realized profit/loss showed a positive figure, surpassing $722.8 million at the time of writing.

This suggests that profits are actively being realized on-chain. As the price continues its upward trend, it signals capital inflows, helping absorb the sell-side activity.

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Author: Adewale Olarinde

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