
Jakarta, Pintu News – This week, the cryptocurrency market saw massive withdrawals by institutional investors. According to data released by CoinShares, $1.94 billion was withdrawn from crypto assets in a single week. This marks one of the largest withdrawal periods since 2018.
For the fourth consecutive week, institutional investors have withdrawn funds from crypto assets, totaling $4.92 billion. This is one of the third largest withdrawal periods since 2018. These withdrawals account for 2.9% of total assets under management. Due to a combination of withdrawals and falling prices, total assets under management fell by 36%.
Bitcoin was the most withdrawn asset, totaling $1.27 billion. This was followed by Ethereum , which recorded a withdrawal of $589 million. Meanwhile, Solana also saw a withdrawal of $156 million. However, Ripple recorded inflows of $89.3 million, going against the broader trend.
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The mounting selling pressure led to a massive sell-off in Bitcoin. However, this pressure began to ease on Friday, with record inflows of $258 million after seven consecutive days of withdrawals. Of this, Bitcoin accounted for $225 million and Ethereum saw inflows of $57.5 million.
Despite experiencing significant withdrawals recently, annual inflows still remain strong totaling $44.4 billion. This shows that despite the volatility, there is still strong confidence from some investors in crypto assets.
Also read: Will Bitcoin Break $90,000 This Week? Read the Prediction!
The continuous volatility in the crypto market raises questions about the long-term stability of these investments. However, strong inflows suggest that there is still optimism among certain investors. Going forward, the market may continue to fluctuate, but the continued interest from institutional investors could be an important indicator for the future of cryptocurrencies.
This dynamic crypto market continues to attract global investors, despite the challenges of price volatility and strict regulations in some countries. Investors’ decisions to withdraw or reinvest their funds will be heavily influenced by global market developments and crypto-related government policies.
This week witnessed a dynamic crypto market with massive withdrawals by institutional investors. Despite the challenges, the market is still showing signs of strength with significant inflows. Going forward, cryptocurrencies will still be a hot topic among investors and financial analysts.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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