Bitcoin Market Hesitation: Dip Buyers Seek Support Amid Risk-Off Sentiment

Despite reaching a new all-time high for realized market cap of $872 billion, Bitcoin’s current price levels haven’t ignited investor enthusiasm. Data from Glassnode reveals this, as the growth rate of the metric has slowed to just 0.9% month over month, suggesting a risk-off approach in the market. This slowdown is likely attributed to reduced capital inflow and suggests fewer new investors are joining the ecosystem.