WikiBit 2026-05-12 00:03As Bitcoin slowly rebuilt momentum after February‘s sharp correction, capital flows gradually starte
As Bitcoin slowly rebuilt momentum after February‘s sharp correction, capital flows gradually started shifting beneath the market’s surface. Monthly Realized Cap growth previously collapsed toward -2.6% as investors realized losses during falling market conditions.
That pressure reflected weakening sentiment as weaker holders increasingly exited positions near key support zones.
However, conditions slowly stabilized afterward, while monthly Realized Cap growth recently recovered back into positive territory near +0.25%.
Source: CryptoQuant
Meanwhile, Bitcoin reclaimed the $80,000 region as stronger holders steadily absorbed and redistributed supply from weaker participants. That recovery suggested fresh capital gradually re-entered the market instead of relying purely on leveraged speculation.
Even so, improving profitability may eventually revive sell-side pressure again if investors aggressively begin locking in gains near higher valuations.
Spot demand returns as Bitcoin buyers regain control
As Bitcoin gradually recovered from its recent correction, spot market behavior started shifting toward stronger buyer aggression. CryptoQuants 90-day Spot Taker CVD recently turned green after an extended neutral accumulation phase.
That transition signaled buyers increasingly lifted offers with market orders instead of waiting at lower bid levels.
Meanwhile, Bitcoin steadily reclaimed the $80,000 region as spot demand strengthened beneath broader market skepticism.
Source: CryptoQuant
Earlier rallies leaned heavily on perpetual futures positioning, which often amplified short-term volatility and liquidation pressure. However, the latest recovery increasingly reflected direct asset acquisition from whales and institutional participants.
That shift partly aligned with improving global liquidity conditions and stabilizing macro sentiment. Even so, sustained upside still depends on whether spot accumulation continues absorbing profit-taking near higher resistance zones.
Bitcoin recovery strengthens as sell pressure eases
As spot demand increasingly regained control, Bitcoins recovery structure started showing signs of weakening sell-side pressure beneath the surface.
Exchange Netflows recently reflected daily outflows between roughly 2,000 and 3,500 $BTC, signaling that fewer holders rushed to offload supply during volatility.
Source: Glassnode
That shift partly emerged as Short-Term Holder SOPR steadily recovered toward and above 1. The metric suggested panic selling gradually faded while recent buyers regained profitability near the $80,000 region.
However, improving market conditions also introduced fresh distribution risk across the recovery structure. As more holders returned into profit, realized profit events increasingly expanded near higher resistance zones.
Even so, persistent spot ETF inflows continued absorbing realized supply from the market. That demand helped reinforce broader accumulation momentum despite rising profit-taking pressure from earlier accumulators.
Final Summary
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