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Glassnode Glassnode @glassnode · 44.1K subscribers
Post #805 13.5K
The Bitcoin Realized Cap remains just -5.4% shy of its previous ATH of $467B, and is currently experiencing strong capital inflows.

That said, the duration for this recovery to accelerate has been markedly slower than prior cycles, arguably due to the significant supply overhang from challenging trades like the GBTC arbitrage.

🥇 2012-13 Cycle 0.22% daily
🥉 2015-16 Cycle: 0.09% daily
🥈 2019-20 Cycle: 0.17% daily
🐢 2023-24 Cycle: 0.05% daily

Discover more in the latest Week On-Chain below 👇
glassno.de/3SjCBtJ
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