Bit Coin's price has been steadily rising since April, but the capital inflow has not grown synchronously, with experts warning that this "price-volume divergence" may pose risks to the bull market. Crypto currency analyst Murphy recently conducted an in-depth data interpretation, revealing the real capital dynamics behind the market's apparent prosperity, and reminding investors not to overlook potential turning points.
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ToggleA Decoupling of Price and Capital: Capital Concerns in the BTC Bull Market
In May this year, Bit Coin once broke through the $104,000 mark, which was the historical high point from December last year, sparking market discussions. However, crypto analyst Murphy pointed out a noteworthy phenomenon in a market observation post on social platform X: "There is a clear divergence between Bit Coin's price and capital inflow"
... [rest of the text continues in similar professional translation style]Realized Market Cap Increase: In December 2024, it increased to $109.5 billion, while in May 2025, it only increased to $24.2 billion, showing a significant difference.
Data shows that although Bit is currently at its historical high, the supporting funds are far less than before, forming a typical "high price, low volume" phenomenon, and attention should be paid to potential drastic adjustments when chips become loose.
Market Prospect Analysis: Rationally View the Fatigue Signals in the Bull Market
Regarding future trends, Murphy holds a cautiously optimistic view. He points out that although the market has not yet peaked, as prices rise, the turnover cost increases, and with capital flow slowing down, subsequent pressure will inevitably increase:
When capital inflow cannot keep up with price increases, the market may find it difficult to maintain high levels, and the risk of profit-taking or pullback will also rise.
He suggests that investors should continue to track capital flow data and avoid chasing high prices due to overheated emotions.
Do Not Lose Direction in the Bull Market, Capital Flow is the Market Thermometer
Murphy's in-depth analysis has gained widespread market attention. With clear logic and chart evidence, he points out that the capital momentum behind prices is the key to observing whether the bull market is healthy. When there is a gap between Bit's "value" and "capital flow", it is time for investors to raise their vigilance.
In the volatile crypto market, only by maintaining rationality and being data-driven can one truly stand invincible.
Risk Warning
Cryptocurrency investment carries high risks, and its prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.
