According to glassnode, Bitcoin’s recent strong price performance has led to significant portfolio gains for investors, prompting many to de-risk and realize profits. This has triggered a wave of new capital inflows, pushing Bitcoin’s Realized Cap to a record high above $900 billion for the first time. This milestone signals robust market participation and increased liquidity, which are crucial for traders assessing potential short-term volatility and liquidity-driven opportunities. Continued capital inflows and profit-taking behavior may influence resistance and support levels in the near term. Source: glassnode (May 20, 2025).