According to Glassnode data, since Bitcoin broke $100,000, its capital inflows have slowed down. However, BTC's actual market value has reached a historic high of $832 billion and continues to grow at a rate of $38.6 billion per month. In December 2024, the peak of net realized profit reversal reached $4.5 billion, which has now dropped to $316.7 million (-93%). The reduction in selling pressure indicates that the market is resetting to a supply-demand balance. The sum of realized profits and losses has decreased by 65% from $4 billion to $1.4 billion. However, compared to historical levels, this indicator is still at a relatively high level, indicating that daily demand is still absorbing capital inflows.