Bitcoin’s realized cap has surged by over $8 billion to exceed $1.1 trillion, driven by strong onchain inflows from treasury firms and ETFs, though sustained recovery depends on renewed large-scale purchases from these key players and Bitcoin miners’ expansion.
Realized cap rise signals robust demand as Bitcoin’s price climbs above $110,000, reflecting total investment value held by holders.
Onchain activity shows investors and miners increasing participation amid market challenges following the recent $19 billion crypto downturn.
Analysts project potential Bitcoin price of $140,000 in November, supported by ETF inflows of $10-15 billion and Federal Reserve easing.
Discover how Bitcoin’s $8 billion realized cap increase highlights onchain inflows amid ETF slowdowns. Explore key drivers and forecasts for 2025 recovery—stay informed on crypto trends today.
What is Driving Bitcoin’s Recent Realized Cap Increase?
Bitcoin’s realized cap has increased by more than $8 billion over the past week, pushing it beyond $1.1 trillion as the cryptocurrency’s realized price surpassed $110,000, according to data from CryptoQuant. This metric calculates the total dollar value of all Bitcoin coins based on their last moved price, offering insight into the overall investment locked in by holders. The surge underscores resilient onchain inflows despite lingering negative sentiment from the $19 billion crypto market crash earlier this month.
Source: CryptoQuant
The primary contributors to these inflows include Bitcoin treasury firms and exchange-traded funds (ETFs), which have been key accumulators. Ki Young Ju, founder and CEO of crypto analytics platform CryptoQuant, noted in a recent analysis that demand has relied heavily on these entities, though their buying activity has slowed recently. This indicates that while current onchain signals point to strong underlying interest, broader price recovery may hinge on resumed aggressive acquisitions.
How Are Bitcoin Miners Contributing to Network Growth?
Bitcoin miners are playing a pivotal role in bolstering the network’s security and long-term viability through operational expansions that drive up the hash rate. Ju from CryptoQuant described this rising hash rate as a “clear long-term bullish signal” for Bitcoin’s evolution as a reliable store of value. For instance, several major mining operations have scaled their fleets, with American Bitcoin—a firm linked to the Trump family—acquiring 17,280 application-specific integrated circuits (ASICs) at a cost of approximately $314 million, as reported in August.
Source: CryptoQuant
These developments not only enhance mining efficiency but also reflect confidence in Bitcoin’s future amid geopolitical and economic uncertainties. The increased hash rate fortifies the blockchain against potential attacks, supporting sustained network health. Data from CryptoQuant shows miners ramping up activity even as market sentiment hovers in “Fear” territory, demonstrating operational resilience that could underpin price stability.
Despite these positive onchain indicators, investor confidence remains subdued following the sharp market decline at the start of October. The White House’s recent announcement of a trade agreement between President Trump and Chinese President Xi Jinping failed to fully alleviate concerns, with sentiment metrics indicating persistent caution. However, external factors like potential Federal Reserve rate cuts could catalyze a turnaround.
Frequently Asked Questions
What Role Do ETFs Play in Bitcoin’s Price Recovery?
ETFs have been major drivers of Bitcoin demand, contributing significantly to the recent $8 billion realized cap increase through consistent inflows. According to CryptoQuant, their slowdown in purchases has tempered momentum, but a resurgence—potentially reaching $10-15 billion—could push prices toward $140,000 in November, as projected by Bitfinex analysts.
Will Bitcoin Reach $140,000 in November Based on Current Trends?
Yes, Bitcoin could climb to $140,000 by November if ETF inflows double and the Federal Reserve implements two interest rate cuts in the fourth quarter, according to Bitfinex analysts. Seasonal strength in Q4 and easing monetary policy serve as key catalysts, though risks from tariffs and geopolitical tensions persist.
Key Takeaways
- Strong Onchain Inflows: The $8 billion realized cap rise highlights robust demand from treasury firms and ETFs, positioning Bitcoin above $110,000 in realized price.
- Miner Expansion Signals Bullishness: Increasing hash rates from fleet upgrades, like American Bitcoin’s $314 million ASIC purchase, reinforce long-term network growth.
- Recovery Catalysts Ahead: Renewed ETF buying and Fed easing could drive Bitcoin to $140,000, urging investors to monitor these developments closely.
Conclusion
Bitcoin’s realized cap increase of over $8 billion amid onchain inflows from ETFs and treasury firms, coupled with miners’ hash rate expansions, paints a picture of underlying strength despite recent market fears. As Ki Young Ju of CryptoQuant emphasizes, sustained demand from these channels will be crucial for momentum. Looking forward, potential ETF resurgence and Federal Reserve actions could propel Bitcoin toward $140,000 by November, offering opportunities for informed investors to navigate this evolving landscape.
The analysis from CryptoQuant and Bitfinex underscores the importance of monitoring institutional activity and macroeconomic shifts. With Bitcoin’s realized price reflecting true holder investment, these trends suggest a foundation for recovery in 2025. Stay vigilant on onchain metrics and policy announcements to capitalize on emerging bullish signals in the cryptocurrency space.
Bitcoin’s network continues to demonstrate resilience, with miners’ investments ensuring robust security. The interplay between ETF flows and broader economic policies will likely dictate the pace of recovery, making it essential for market participants to track these elements. As the year progresses, these dynamics could redefine Bitcoin’s trajectory in the global financial ecosystem.