Bitcoin has achieved a historic milestone, adding $625 billion in capital inflows over the past 18 months (from 2024 to mid-2025), surpassing the $435 billion accumulated during its first 15 years (2009–2024). CryptoQuant CEO Ki Young Ju highlighted this unprecedented growth in a recent tweet, emphasizing the scale of institutional and retail investment pouring into Bitcoin.
The data focuses on realized capitalization, an on-chain metric that values each Bitcoin at the price it last moved, providing a more accurate measure of actual capital invested than market cap. Bitcoin's realized cap has now exceeded $1 trillion for the first time, reflecting strong long-term investor conviction. Unlike speculative price swings, realized cap growth has remained steady even during corrections, such as the 2022–2023 bear market, indicating that long-term holders are refusing to sell at a loss.
Technically, Bitcoin is showing bullish momentum, trading near $116,400 at the upper boundary of a key trading channel. Analysts note strong uptrend signals, including a momentum reading of 0.8 and green structure shift indicators. However, short-term price action has been volatile, with Bitcoin briefly dipping below $115,000 as early adopters took profits.
Market attention is now focused on the Federal Reserve's upcoming interest rate decision on September 17. A potential 25-basis-point cut could further fuel Bitcoin's rally by reducing yields on traditional investments and pushing capital toward risk assets like Bitcoin. Conversely, if rates remain unchanged, short-term volatility may occur, though the long-term outlook remains robust due to sustained capital inflows.