Bitcoin (BTC) Soars to New All-Time High, Poised for Further Upside as Institutional Investors Pile In: Glassnode

The landmark surge comes amid monthly net capital inflows totaling $2.5 billion, lifting Bitcoin's market Realized Cap — a key metric indicating net capital investment

Bitcoin (BTC) price hit a new all-time high on Nov. 6 and is set to rise further amid massive institutional and retail capital inflows and rising market volatility, a latest “Week On-Chain” report from Glassnode reveals.

The milestone surge comes as monthly net capital inflows amounted to $2.5 billion, boosting Bitcoin’s market Realized Cap — a key metric indicating net capital investment — by 3.8% over the past 30 days.

The Realized Cap now stands at a record-breaking $656 billion, driven by fresh capital entering the market.

Options driving volatility

The options market mirrored Bitcoin’s bullish momentum, with open interest levels nearing record highs at $25.2 billion, just below the all-time peak of $30.2 billion in March.

Meanwhile, options trading volume also surged to $2.9 billion, reflecting heightened investor interest in Bitcoin’s future price movements. The report noted that a near-even split between put and call options suggests investors are preparing for both potential gains and downside risks.

The report also highlighted that the volatility risk premium (VRP) now sits at 27.9%, indicating that traders expect substantial price swings ahead. This elevated implied volatility for short-term Bitcoin options reflects a market that expects the crypto space to see further price gains or volatility in the coming days.

ETF demand mixed

Demand for Bitcoin-based ETFs, which have been a major driver of capital inflows, showed contrasting trends this week.

US-listed Bitcoin ETFs saw outflows of nearly $658 million from Nov. 4 to Nov. 5, amid investor caution over potential market volatility post-election. However, over $2.2 billion in inflows were recorded for the entire past week, indicating sustained investor interest in these products as Bitcoin price surges.

Meanwhile, the ETFs saw massive volume on Nov. 6, with BlackRock’s IBIT recording over $1 billion in trading volume within the first 20 minutes of trading. According to analysts, this could indicate that the strong inflows from the past week will continue in the coming days.

With Bitcoin hitting a new all-time high, the achievement could attract more ETF investors, especially those interested in Bitcoin’s strong upward price trend.

Mentioned in this article:Gino MatosGino Matos is a law school graduate and a seasoned journalist with six years of experience in the crypto industry. His expertise primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).

Assad JafriAJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his skills worldwide for over a decade. Specializing in financial journalism, he now focuses on crypto reporting.

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