Institutional bulls back Bitcoin after weeks of altcoin accumulation
Institutional crypto appetites have shifted away from altcoin back to Bitcoin, with BTC investment products leading the inflows for digital asset products for the second week in a row. Institutional investors are pivoting back to digital gold with Bitcoin (BTC) investment products posting a third consecutive week of inflows. According to CoinShares’ latest Digital Asset Fund Flows Weekly report, BTC investment products generated $68.7 million worth of inflows between Sept. 27 and Oct. 1, representing a 36% increase in exposure week-over-week. While products tracking BTC have now dominated....
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As Ethereum gained upward traction, the $4,500 price mark constantly proved to be a strong resistance zone for the leading altcoin to break, causing it to turn slightly bearish. Even though the altcoin is experiencing temporary bearishness, the dip appears to have ignited the sentiment of key investors, triggering a sharp wave of accumulation in […]
Over the last few weeks, there has been a clear accumulation trend among Ethereum holders. ETH had spilled out of exchanges at a high rate, following the same movement of BTC out of exchanges. The volume of ETH pointed toward whales taking large positions in the digital asset. The result of their accumulation is now […]