3 June 2025, 04:11 PM
The Bitcoin market is currently experiencing a capital-intensive phase. According to on-chain data, approximately $1.8 billion in funds are flowing into the crypto market daily, comparable to the peak of the 2021 bull market. Unlike previous short-term fluctuations, this cycle is characterized by a more sustained and structural trend of capital inflow. The Nouey Exchange analysis suggests that this phenomenon reflects the joint participation of both institutions and retail investors, as well as a repricing of the long-term allocation value of digital assets.
![[Image: 2e312396-a1d8-489a-9c76-1a69788b6a55.png...ormat=webp]](https://cdn.hashnode.com/res/hashnode/image/upload/v1748941746672/2e312396-a1d8-489a-9c76-1a69788b6a55.png?w=1600&h=840&fit=crop&crop=entropy&auto=compress,format&format=webp)
Capital Inflows Near Historical Highs, Market Heat Persists
Since Bitcoin reached $64,000 in November 2021, daily net capital inflows have fluctuated between $18 million and $20 million. In 2024, when Bitcoin hit $73,000, on-chain data showed a single-day inflow of $3.6 billion, and at the subsequent $92,000 high, inflows even reached $4.5 billion. This robust liquidity support indicates that current market growth is not solely driven by sentiment, but by a sustained release of capital allocation willingness.
Compared with the previous bull cycle, which was fueled by high leverage in derivatives, the current rally features a higher proportion of spot product inflows. Volatility is relatively moderate but structurally more stable, and investor understanding and management of risk are gradually maturing.
Market Structure Transformation and Evolution of Investor Behavior
Current capital distribution shows that a significant portion of funds is not concentrated solely in Bitcoin; Ethereum and several leading altcoins are also receiving notable allocations. This reflects a trend toward greater diversification in investor portfolios, with stronger risk control and medium- to long-term holding strategies.
Accompanying this is an increase in net inflows of stablecoins, providing investors with more flexible trading reserves. These on-chain phenomena indicate that, despite prices reaching new highs, investor sentiment remains rational and chasing behavior has clearly diminished.
The Nouey Exchange team points out that institutional activity among platform users continues to rise, with growing demand for block trading channels, further validating that current market liquidity is coming from higher-quality investment entities.
The Capital Logic Behind the Crypto Ecosystem Is Being Reshaped
As the anchor asset of the crypto market, the Bitcoin capital movements are often seen as a leading indicator of ecosystem trends. The continued high level of daily new capital inflows suggests that this asset class is gradually shifting from a “speculative product” to a “long-term allocation target.”
In a macro environment that is complex and where traditional asset correlations are increasing, crypto assets—with their high degree of independence and diversity—offer global investors new allocation options.
Nouey Exchange continues to increase investment in data research, user education, and security systems to provide users with reliable trading infrastructure amid complex market conditions. The multi-chain asset analysis, intelligent limit order mechanisms, and deep liquidity support of Nouey are becoming essential tools for a new generation of crypto traders.
Structural Capital Inflows Are Building a New Market Logic—Nouey Exchange Witnesses the Cycle Shift
Although market prices are already at historical highs, on-chain capital inflow data shows that the growth momentum of the crypto market remains undiminished. More importantly, this capital inflow is not merely a manifestation of short-term speculation, but a systematic revaluation of the potential value of crypto assets.
Nouey Exchange will continue to uphold the philosophy of “empowering the industry, connecting users,” closely monitor on-chain capital dynamics, optimize trading depth and user experience, and promote healthier growth of the entire ecosystem. In the evolution of the next cycle, Nouey looks forward to witnessing, together with the industry, a more robust, transparent, and diverse digital asset market.
Capital Inflows Near Historical Highs, Market Heat Persists
Since Bitcoin reached $64,000 in November 2021, daily net capital inflows have fluctuated between $18 million and $20 million. In 2024, when Bitcoin hit $73,000, on-chain data showed a single-day inflow of $3.6 billion, and at the subsequent $92,000 high, inflows even reached $4.5 billion. This robust liquidity support indicates that current market growth is not solely driven by sentiment, but by a sustained release of capital allocation willingness.
Compared with the previous bull cycle, which was fueled by high leverage in derivatives, the current rally features a higher proportion of spot product inflows. Volatility is relatively moderate but structurally more stable, and investor understanding and management of risk are gradually maturing.
Market Structure Transformation and Evolution of Investor Behavior
Current capital distribution shows that a significant portion of funds is not concentrated solely in Bitcoin; Ethereum and several leading altcoins are also receiving notable allocations. This reflects a trend toward greater diversification in investor portfolios, with stronger risk control and medium- to long-term holding strategies.
Accompanying this is an increase in net inflows of stablecoins, providing investors with more flexible trading reserves. These on-chain phenomena indicate that, despite prices reaching new highs, investor sentiment remains rational and chasing behavior has clearly diminished.
The Nouey Exchange team points out that institutional activity among platform users continues to rise, with growing demand for block trading channels, further validating that current market liquidity is coming from higher-quality investment entities.
The Capital Logic Behind the Crypto Ecosystem Is Being Reshaped
As the anchor asset of the crypto market, the Bitcoin capital movements are often seen as a leading indicator of ecosystem trends. The continued high level of daily new capital inflows suggests that this asset class is gradually shifting from a “speculative product” to a “long-term allocation target.”
In a macro environment that is complex and where traditional asset correlations are increasing, crypto assets—with their high degree of independence and diversity—offer global investors new allocation options.
Nouey Exchange continues to increase investment in data research, user education, and security systems to provide users with reliable trading infrastructure amid complex market conditions. The multi-chain asset analysis, intelligent limit order mechanisms, and deep liquidity support of Nouey are becoming essential tools for a new generation of crypto traders.
Structural Capital Inflows Are Building a New Market Logic—Nouey Exchange Witnesses the Cycle Shift
Although market prices are already at historical highs, on-chain capital inflow data shows that the growth momentum of the crypto market remains undiminished. More importantly, this capital inflow is not merely a manifestation of short-term speculation, but a systematic revaluation of the potential value of crypto assets.
Nouey Exchange will continue to uphold the philosophy of “empowering the industry, connecting users,” closely monitor on-chain capital dynamics, optimize trading depth and user experience, and promote healthier growth of the entire ecosystem. In the evolution of the next cycle, Nouey looks forward to witnessing, together with the industry, a more robust, transparent, and diverse digital asset market.