Golden Finance reported that on January 22, according to Glassnode data, since Bitcoin exceeded US$100,000, its capital inflow has slowed down. Despite this, BTC’s actual market cap has reached an all-time high of $832 billion and continues to grow at a monthly rate of $38.6 billion. Net realized profit taking peaked at $4.5 billion in December 2024 and has now fallen to $316.7 million (-93%). This reduction in seller pressure indicates that the market is resetting to a supply-demand balance. The sum of realized profits and losses fell 65% from $4 billion to $1.4 billion. Still, the indicator remains elevated compared with historical levels, suggesting daily demand is still absorbing capital inflows.