Bitcoin Monthly New Money Inflows Approach $5 Billion

Despite recent price increases in Bitcoin (BTC), analysis suggests that these gains do not fully reflect a substantial influx of new capital into the market, even as Bitcoin monthly new money inflows reached $4.9 billion by October 5. Glassnode data indicates that existing investors were responsible for a larger portion of the growth in realized capitalization during this period.

Specifically, existing investors contributed three-fifths of the $12.8 billion increase in realized capitalization during the same period. This suggests that a significant part of the market's growth is driven by internal movements rather than fresh external investment.

Glassnode's “The Week Onchain” newsletter clarified that “new money” inflows, which include purchases by corporate treasuries, stablecoin growth, and investments into US spot Bitcoin exchange-traded funds (ETFs), totaled approximately $4.9 billion in the 30 days leading up to October 5. Bitcoin's realized cap, which values each coin at its last on-chain movement price, saw a $12.8 billion increase over this period.

New money inflows accounted for less than two-fifths of this rise, with the majority attributed to existing market participants exchanging coins at higher prices. Glassnode noted that while 2024 and 2025 rallies exhibited a similar mix of contributions, they involved considerably larger overall inflows. The firm emphasized that sustained price movement in the current market depends on increased Bitcoin monthly new money inflows.

Since September 21, Bitcoin has made four unsuccessful attempts to break past the $87,000 mark, each time being met with increased overhead ask liquidity on exchange order books. At the time of reporting, Bitcoin was trading around $83,000. Glassnode also observed a surge in profit-taking among recent buyers over the weekend, following Bitcoin's first weekly close above $85,000 since January.

Approximately 86% of the coins sent to exchanges on that day originated from short-term holders, defined as those holding for less than 155 days, who were moving their coins at a profit. This figure represents the highest share in the past year, significantly above the typical daily average of under two-fifths. Data from CryptoQuant indicates that this cohort remains in net profit, with its aggregate cost basis, or realized price, at approximately $78,250 as of October 7.