CryptoQuant Analyst: Bitcoin's average daily capital inflow reached $1.8 billion, nearing the peak of the last bull run.

robot
Abstract generation in progress

According to Deep Tide TechFlow news, on May 30, CryptoQuant analyst Axel Adler Jr posted on social media that Bitcoin market demand is approaching the peak levels of the last bull run.

Currently, there is an average of approximately 1.8 billion USD in new funds flowing into the market daily, which is comparable to the level when Bitcoin price reached 64,000 USD in November 2021. In this cycle, the largest inflows occurred when the Bitcoin price reached 73,000 USD (peak of 3.6 billion USD) and 92,000 USD (peak of 4.5 billion USD). Axel Adler Jr stated that this indicator shows that even after reaching all-time highs, investors still maintain a willingness to deploy large-scale funds.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 1
  • Share
Comment
0/400
PleaseCallMeMr.Qiaovip
· 05-30 04:51
Hold on tight, we're about to To da moon 🛫
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)