XRP Outflows Cross $300 Million In April, Why The Price Could Crash Further
The XRP price saw a rise in value over the weekend as bulls seemed to return to the table. Since the market has been low over the past few months, investors unsurprisingly took this as an opportunity to get out at a somewhat higher price. This has led to more negative networks over the last few days, adding even more red to the month of April that has been dominated by outflows. XRP’s April Outflows Cross $300 Million According to data from Coinglass, XRP has been struggling with negative net flows for the better part of April, recording more red days than green. Even the green days have....
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Small and retail investors are not the only ones getting hit hard by the Bitcoin crash. Institutional investors are also feeling the heat of the market crash. This has sent the institutional investors running as inflows had halted for the last week. Outflows from crypto and blockchain-related investments grew steadily over the course of the weeks, totaling more than $100. million. Institutional Investors Stay Away The institutional outflows for last week have been concerning for crypto investors but in no way surprising. With the emergence of the ‘crypto winter’, it has signaled that the....
Bitcoin on-chain data shows that the BTC outflows have been gradually heading downwards recently, hinting that a crash could be coming soon. On-Chain Data Shows BTC Outflows Continue To Decrease As pointed out by an Analyst on Twitter, on-chain data reveals Bitcoin outflows have been gradually going down in the past month. The relevant metric here is the BTC netflows. This indicator shows the net amount of coins exiting or entering exchange wallets. Its value is calculated by taking the difference between the inflows and the outflows. When the netflow shows negative values, it means....
“It is difficult to ascertain the precise reason for this other than the hawkish rhetoric from the US Federal Reserve and the recent price decline,” CoinShares wrote. Institutional investors shed $133 million worth of Bitcoin (BTC) investment products last week, marking the largest week of outflows since June last year. According to the latest edition of CoinShares’ weekly Digital Asset Fund Flows report, the overall digital asset fund outflows for the week ending April 29 totaled $120.1 million, with the large Bitcoin outflows marginally offset by a surprise $38 million worth of inflows....
Outflows have been the order of the day since the price of cryptocurrencies such as Bitcoin had begun to crash. The same sentiment had spread through individual as well as institutional investors, leading to massive sell-offs in the space. Despite the price of bitcoin recovering in recent times, it seems that the sellers are not done just yet as outflows had ramped up over the last week. $453 Million Leaves Bitcoin Bitcoin had been seeing a reversal trend with inflows coming in for the prior week. However, this has only been short-lived as outflows have continued to rock the digital asset.....