Bitcoin Sees $1 Billion In Exchange Inflows – Is A Bloodbath Coming?

Cardano and Solana have led the charge of altcoins in the recent round of inflows into the crypto market. Altcoins saw increased inflows alongside bitcoin, which had seen increasing interest from investors after the first bitcoin ETF had been approved and began trading last week. Last week recorded the highest amount of institutional inflows coming into the market. Institutional investors are now upping their stake in the market with the recent gains recorded across the market. Most notably has been the price of bitcoin which had broken a new all-time high following the trading of the....

Ethereum exchange inflows had been on the high side for the better part of the past week. They averaged above $1 billion each day giving credence to the sell-off trend that has been experienced in the market. However, it seems there is a turn in the tide coming. As the weekend draws to a close, exchange inflows have been on the decline. This signals that the sellers are entering into a cool-off period that could potentially alter the price movement. Inflows Fall Below $1 Billion This week had opened up with alarming inflows into exchanges. Although the outflows had been enough to offset....

Bitcoin ETF inflows had hit over a billion dollars on their first week of trading. The success of the ETFs saw the digital asset rally towards a new all-time high. Interest in the market grew tremendously among retail and institutional investors alike, leading to a week of record inflows, the highest the market has ever seen in a seven-day period. This demand has been a culmination of growing interest from institutional investors over the past couple of months. Related Reading | MicroStrategy Bent On Increasing Bitcoin Bet After 9,000 BTC Purchase, Says CEO However, the past week has....

With the crypto market’s decline, there have been a number of things that have changed drastically in the space. Mostly, investors have been rushing to get out of the market before the crash takes more of their funds. What this has led to has been a significant increase in the number of cryptocurrencies that are flowing to exchanges. Most notably have been Bitcoin and Ethereum, whose daily exchange inflows have touched billions of dollars. Billions In Crypto To Exchanges The data for the last 24 hours shows that the amount of funds that are being transferred into centralized....

Cardano has flexed its muscles in the latest iteration of inflows coming into the market. Inflows have been steady the past couple of months, currently at 13 consecutive weeks of inflows for the market. Bitcoin and altcoins alike have benefited from the inflows which have indicated institutional interest piquing in the market. However, Cardano looks to have enjoyed the most benefits amongst the altcoins from last week’s inflows. Cardano Leading The Pack Cardano saw positive inflows for last week which put it ahead of other altcoins. Total inflows for the week had come out to $151 million....