The crypto currency market is experiencing an important wave of output with investors increasing the tendency to avoid risk in recent weeks. Global economic uncertainties, regulatory pressures and market volatility, while directing investors to attract their assets, especially in large crypto assets such as Bitcoin and Ethereum were recorded. The participation of corporate investors in this trend creates questions about the general aspect of the market. It is also noteworthy that only popular Altcoin projects have a fund entry in Ada and XRP. Here are the details ..
1.7 billion dollars decreased in crypto investment products: entrances for two Altcoin attracted attention
According to Coinshares data, crypto currency investment products faced a total of $ 1.7 billion output, faced with exits in the fifth week. Thus, the total output amount in the last five weeks reached $ 6.4 billion. This process also points to the 17 -day uninterrupted output series and has been recorded as the longest negative flow series since 2015.
Bitcoin investment products, the last week of $ 978 million out of the output of the five -week total output to $ 5.4 billion. At the same time, investors continued to close their short positions and made $ 3.6 million output. Ethereum and Solana experienced $ 175 million and $ 2.2 million, respectively. On the other hand, the island and the XRP trend, on the contrary, respectively 400 thousand dollars and $ 1.8 million input, respectively recorded.
Loaded output in the USA
Regional, most of the outlets were from the USA. With the effect of negative tendency, the US had a $ 1.16 billion output and made up 93 %of the total outlets. Switzerland, due to the withdrawal of a large investor, while the output of $ 528 million, while Germany experienced a small entry of $ 8 million.
Another remarkable development took place in Binance. After the release of a seed investor, Binance’s assets (AUM) were almost completely erased and only 15 million dollars remained. This is considered an important development that can shake the investor confidence in the platform.
Blockchain -oriented shares were also affected by the negative trend and saw a total output of $ 40 million last week. However, despite all these negative developments, the total entrances since the beginning of the New Year are still in the positive region and have been at the level of $ 912 million. However, the ongoing price corrections and funds outputs in the crypto money market show that investor sensitivity is low.
