Market analysts are observing a significant change in the way capital is moving across the cryptocurrency market. After months of restraint and rotation into stablecoins, data indicates that investors are beginning to edge back into Bitcoin.
A recent analysis by Darkfost highlights this trend, showing that Bitcoin's realized cap has recovered from negative $28.7 billion in February to around negative $3 billion. At the same time, stablecoin capitalization has fallen to around negative $1 billion.
This shift suggests that investors are becoming more confident in the cryptocurrency market and are willing to take on risk again. The timing of this change is particularly noteworthy, occurring as geopolitical tensions have begun to ease and macro fears subside.