- BTC has seen the highest short-term net realized gain/loss in months.
- BTC has fallen below the $52,000 price level.
Bitcoins [BTC] Recent price movements have reached new levels in recent days, prompting many holders to sell. Despite this sell-off, some figures indicate that there has been a consistent inflow of capital.
The profit/loss realized by Bitcoin shows the capital inflow
The recent shift in Bitcoin’s price range has affected the short-term net realized gain/loss trajectory, reaching the highest point since 2021. According to the Glass junction In the chart, this specific category of holders recorded a net realized gain/loss of over $647 million.
Furthermore, a broader analysis of total net realized profit/loss showed a positive figure, exceeding $722.8 million at the time of writing.
This suggests that profits are actively realized in the chain. As the price continues its upward trend, it signals capital inflows, absorbing sell-side activity.
Source: Glassnode
Bitcoin Open Interest Confirms More Capital Inflows
Traders who actively injected more capital into Bitcoin were further supported by the Bitcoin Open Interest metric. A survey of statistics on CryptoQuant showed that BTC Open Interest now exceeded $13 billion.
Although this fell slightly to around $13.3 billion at the time of writing, this was still the highest level since April 2022.
Source: CryptoQuant
Open Interest reflects the total number of open long and short BTC positions. The continued growth of Open Interest indicates an inflow of more capital, which could potentially contribute to further upward momentum in the BTC price.
How BTC has developed
Bitcoin’s daily timeframe chart showed the most significant uptrend in months, breaking the $50,000 price range. The most recent notable increase occurred on February 14, with an increase of over 4%, to approximately $51,890.
Subsequently, the uptrend has continued, gradually pushing the price towards $52,000. At the close of trading on February 16, the price had fallen around $52,181.
Source: trading view
How much are 1,10,100 BTCs worth today?
At the time of writing, a slight decline of less than 1% brought the current trading price to around $51,866.
Moreover, this slight price drop has affected the Relative Strength Index (RSI). Although the RSI remained above 80, indicating a strong bull trend and an overbought situation, there was still a noticeable slight decline.