US EditionThe Flows Behind the Crypto Market’s Rise to $4T
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The Flows Behind the Crypto Market’s Rise to $4T
In this issue of Coin Metrics’ State of the Network, we break down the key market forces and on-chain flows propelling this phase of expansion. Key Takeaways Bitcoin’s realized cap surpassed $1T, reflecting deeper capital commitment and conviction across long-term holders as the crypto market cap approached $4T. Demand for Bitcoin (BTC) and Ethereum (ETH) is outpacing new issuance, fueled by sustained spot ETF inflows and growing accumulation …
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