The ongoing Bitcoin halving cycle has attracted $732 billion in new capital since 2022, according to blockchain analytics firm Glassnode. This significant influx has contributed to a nearly 50% reduction in one-year realized volatility, indicating a more stable and mature market environment. Key drivers of this trend include increased institutional adoption, enhanced regulatory clarity, and innovations such as spot Bitcoin ETFs. The substantial capital inflow underscores the growing recognition of Bitcoin as a legitimate digital store of value and a potential hedge against inflation. This shift reflects broader acceptance and confidence in Bitcoin's role within the global financial system.