Bitcoin Could Hit $140K in November

Bitcoin’s realized cap just jumped by over $8 billion — but the recovery isn’t being fueled by ETF inflows or institutional buying. According to data from CryptoQuant, Bitcoin’s total realized cap now surpasses $1.1 trillion, signaling increased onchain accumulation by miners and long-term holders. However, demand from the two biggest institutional drivers — ETFs and Michael Saylor’s Strategy Inc. (MSTR) — has noticeably slowed, limiting short-term upside momentum.

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