$BTC The cryptocurrency Bitcoin has regained its luster again, surpassing the $100,000 barrier for the first time in over three months, driven by a strong upward wave fueled by institutional investment flows and a clear improvement in on-chain technical indicators.
According to a report published by the Bitfinex Alpha platform on May 13, Bitcoin's realized market capitalization jumped to approximately $889 billion, with a 2.1% increase in just one month. This measure is more expressive of the actual capital sizes that have entered the market, as it evaluates each asset based on the price of the last transaction made, rather than traditional market capitalization.
Exchange-traded funds (ETFs) dedicated to Bitcoin recorded positive net flows of over $920 million during the last two weeks, indicating a return of confidence among major financial institutions towards the most famous digital asset.
At the same time, on-chain data showed that over 3 million Bitcoin units moved from the loss zone to profitability, reflecting a significant improvement in investor sentiment and a decrease in selling pressure.