Outflows Rock Bitcoin As Institutional Investor Sentiment Starts To Turn
Institutional investor interest in bitcoin has mainly been fluctuating in the last month. As the market has gone through the different phases of bull and bear market, so have the sentiment of investors gone through positive and negative. For the past week, though, it seems the latter had eventually won through as outflows had rocked bitcoin, even at a time when the digital asset had done a relatively good job of holding above $20,000. Bitcoin Sees $21 Million In Outflows The most recent report from CoinShares regarding the investments of institutional investors shows a unique perspective....
Related News
Bitcoin ETPs have become more popular than ever since the SEC approved multiple bitcoin ETPs in the fourth quarter of 2021. They had subsequently had a good run with hundreds of millions of dollars flowing into these ETPs. They provided a way for institutional investors and others who didn’t want any direct exposure to the digital asset to trade on it. However, it seems the wind is starting to change as outflows become the order of the day. Outflows Rock Bitcoin ETPs The market is still reeling from entering a new month but the effects of the month of April continue to linger. Being a....
Sentiment around the crypto market had been on the rise when the price of Bitcoin and Ethereum had picked up some momentum. Both of these digital assets had been able to reach a new two-month high following the surge in prices. This resurgence quickly saw positive market sentiment erode over negative and pushed the Fear & Greed Index close to “Greed.” However, before the market could enter this green territory, the retracement began. Crypto Market Shies Away From Greed The recovery in price had put the market sentiment on a positive path that it had not seen in a while. The optimism had....
Institutional investors’ reactions to the bitcoin price crash have been quite similar to that of retail investors. After weeks of outflows, the tides have begun to change, largely credited to the low prices that offer a chance to get into the digital asset before a recovery. The past week saw inflows for the digital asset, although other assets tell a different story. Bitcoin Sentiment Recovers Bitcoin sentiment had declined far into the negative following the price crash of last week. With the digital asset reaching as low as $17,600, it triggered massive sell-offs across the....
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.....
Institutional investor sentiment has been on the rocks for some time now. This follows the market trend with bitcoin falling below $22,000 and the total crypto market cap finally making its way below $1 trillion once more. With this, institutional investors continue to show a more bearish attitude toward the market. The numbers for last week are in, and the outflows from various digital assets show that big money is not betting on bitcoin. Institutional Investors Exit Bitcoin The exit from bitcoin by institutional investors has been a couple of weeks in the making now. The last two prior....