Net capital inflows into $BTC across halving cycles — tracking Realized Cap changes.

This chart shows how much fresh capital actually flows into Bitcoin during each 4-year cycle. Not price action. Not hype. Actual capital deployment.

Current cycle vs previous ones? Watch the slope. Steeper = more aggressive accumulation. Flatter = distribution or sideways chop.

If you're not tracking Realized Cap, you're flying blind. Price lies. On-chain capital flows don't.