• About
  • Contact Us
Monday, August 15, 2022
Cryptos Newz
  • Home
  • News

    Breaking: Boeing Is Said Close To Issuing 737 Max Warning After Crash

    BREAKING: 189 people on downed Lion Air flight, ministry says

    Crashed Lion Air Jet Had Faulty Speed Readings on Last 4 Flights

    Police Officers From The K9 Unit During A Operation To Find Victims

    People Tiring of Demonstration, Except Protesters in Jakarta

    Limited underwater visibility hampers search for flight JT610

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • Write For Us
  • Press Release
  • Web Stories
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us
Cryptos Newz
  • Home
  • News

    Breaking: Boeing Is Said Close To Issuing 737 Max Warning After Crash

    BREAKING: 189 people on downed Lion Air flight, ministry says

    Crashed Lion Air Jet Had Faulty Speed Readings on Last 4 Flights

    Police Officers From The K9 Unit During A Operation To Find Victims

    People Tiring of Demonstration, Except Protesters in Jakarta

    Limited underwater visibility hampers search for flight JT610

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • Write For Us
  • Press Release
  • Web Stories
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us
No Result
View All Result
Cryptos Newz
No Result
View All Result
Home Cryptocurrency News

Low Bitcoin Prices Trigger Inflows, But Investor Sentiment Remains Weak

Crptoz by Crptoz
June 23, 2022
in Cryptocurrency News
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

READ ALSO

TA: Bitcoin Price Aims Higher, Why BTC Could Surge Past $25K

Crypto Corner: The Sports Slice | Bitcoinist.com


The reaction of institutional investors to the drop in the bitcoin price has been similar to that of retail investors. After weeks of outflows, the tide has begun to turn, largely attributed to lower prices that give the digital asset a chance to come in before a recovery. The past week saw an influx for digital assets, though other assets tell a different story.

bitcoin sentiment recover

Bitcoin sentiment turned negative after last week’s price drop. It started a massive selloff across the space, with the digital asset reaching a low of $17,600. However, not everyone in this area saw the fall in prices as a sell signal. For some, this presented a unique opportunity to get some ‘cheap’ bitcoins, similar to those seen in institutional investors.

Bitcoin outflows were intensified over the past week due to lower market momentum. It got better last week when the outflow trend was canceled and money started flowing into the cryptocurrency.

Related Reading | Bitcoin Miner Liquidation Threatens Bitcoin’s Recovery

The major cryptocurrency was the biggest gainer from this turning point in investor sentiment as it saw $28 million in inflows for the week. Now, that’s not really an impressive figure when it comes to the influx of bitcoin. However, it is important not only because of the market sentiment, but also the outflows because of the market’s characteristic for the past week. This brings the total month-to-date inflows for bitcoin to $46 million.

Still, short bitcoin was gone the other day. The asset saw record outflows over the past week. With a total of $5.8 million, short bitcoin embodied the recent negative sentiment felt across the market after hitting a new high of $64 million earlier in the week.

Bitcoin Price Chart from TradingView.com

BTC begins another decline trend | Source: BTCUSD on TradingView.com

outflow rock the rest

It looks like bitcoin will be one of the sole beneficiaries of the influx trend over the past week. For the rest of the market, the selling trend had taken a stronghold and saw an influx of $39 million in digital asset investments. This brings the total assets under management to $36 billion. It is now sitting at its lowest point in more than a year, accounting for a 59% drop in the past six months alone. However, year-on-year net inflows remain positive at $403 million.

Related Reading | By the Numbers: Worst Bitcoin Bear Market Ever

Ethereum is yet to break free from its bearish grip as the date of the outflow remains in sequence. Ethereum outflows reached $70 million in the past week alone. The second largest cryptocurrency by market cap has now had 11 consecutive weeks of outflows and there is no respite in sight. Its year-over-year outflow now sits at a massive $459 million.

However, the multi-asset investment product and Solana will go the way of bitcoin last week. Both these asset classes stubbornly maintain the inflow trend. Inflows for multi-asset investment products came in at $9 million, while Solana saw an inflow of $0.7 million, possibly from investors who are exiting competitor, Ethereum, due to fears that the merge will not go according to schedule.

The crypto market has lost more than $100 billion since last week. At the time of this writing it is currently sitting at $892.6 billion.

Featured image from US News Money, chart from TradingView.com

obey Best Ovi on Twitter For market info, updates and the occasional funny tweet…


Related Posts

Cryptocurrency News

TA: Bitcoin Price Aims Higher, Why BTC Could Surge Past $25K

August 15, 2022
Cryptocurrency News

Crypto Corner: The Sports Slice | Bitcoinist.com

August 15, 2022
Cryptocurrency News

Bitcoin Miners Continue Distribution, Bad Sign For The Rally? | Bitcoinist.com

August 14, 2022
Cryptocurrency News

Quant Explains How Bitcoin NUPL Cycles Are Getting Less Volatile With Time

August 14, 2022
Cryptocurrency News

Shiba Inu (SHIB) Price Explodes, Dogecoin (DOGE) Storms Into Top 10

August 14, 2022
Cryptocurrency News

Polygon, Fantom Poised for Significant Price Action

August 14, 2022
Next Post

Cryptostone Announces CPS Token Launch Date for Its Revolutionary Financial Ecosystem – Press release Bitcoin News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Man Who Broke into Terra Founder’s House Was Crypto Investor Who Lost 3 Billion Won

May 16, 2022

Dock Launches Ambassador Program – Press release Bitcoin News

January 17, 2022

When SHIB? Robinhood CBO States They Seek Compliant Ways to Increase Crypto Offering

February 9, 2022

Why You Should Stack Sats To Celebrate Father’s Day

June 19, 2022

Ted Cruz: Texas Should Be “Ground Zero” for Crypto Industry

March 3, 2022

EDITOR'S PICK

Rio de Janeiro to Accept Cryptocurrency Payments for Taxes (Report)

March 26, 2022

UST Becomes the Third-Largest Stablecoin Surpassing BUSD – BeInCrypto

April 18, 2022

BTC maintains price above the $20k level

July 11, 2022

Cardano, Monero and a Few Other Altcoins Show Possible Incoming Price Rise per This Metric

January 19, 2022

About

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow us

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Cryptocurrency News
  • Ethereum News
  • How To Buy Crypto
  • News
  • Uncategorized

Recent Posts

  • TA: Bitcoin Price Aims Higher, Why BTC Could Surge Past $25K
  • Network and token freeze after Acala exploit raises questions
  • Bitcoin Cash [BCH]: Despite rally, on-chain activity tells a different tale
  • Do Kwon Speaks Out, Fatman Accuses Journalist of Still Shilling Terra
  • Home
  • News
  • Write For Us
  • Press Release
  • Web Stories
  • Legal Information

© 2022 CryptosNewz - Premium Cryptocurrency News Blog CryptosNewz.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • Write For Us
  • Press Release
  • Web Stories
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us

© 2022 CryptosNewz - Premium Cryptocurrency News Blog CryptosNewz.