Glassnode: Bitcoin price rally driven mostly by existing holders, $4.9 billion new inflows limited

🚨 Glassnode reports $4.9 billion in new money, but most $BTC gains come from existing holders.
📈 Over 80% of profit-taking at $85,000 was by short-term investors in $BTC.
💡 US spot Bitcoin ETFs and stablecoin growth bring only modest new capital to $BTC compared to existing market activity.

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