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Bitcoin: Profit taking surges but daily net inflows exceed $1 billion - Glassnode

2025/05/08 14:07 (Updated 2025/05/09 07:01)

CoinPost

Written by A.Yamada

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Bitcoin: Profit taking surges but daily net inflows exceed $1 billion - Glassnode

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Capital inflows signal recovery in demand

Capital inflows signal recovery in demand

On-chain analysis company Glassnode released its latest Bitcoin (BTC) market analysis report on the 7th.

The report states that while profit-taking has surged in recent weeks, demand has been solid and capital inflows have increased. It also states that volatility (the magnitude of price fluctuations) may be underestimated.

Glassnode first noted that the price of the cryptocurrency Bitcoin (cryptocurrency) rose to a high of $97,900, rekindling market activity and bringing in a wave of capital inflows, with realized market capitalization reaching a record high of $889 billion.

This price rebound was driven by...

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