Bitcoin Crash Sends Institutional Investors Running For The Hills
2022年6月16日 - 02:00AM
NEWSBTC
Small and retail investors are not the only ones getting hit hard
by the Bitcoin crash. Institutional investors are also feeling the
heat of the market crash. This has sent the institutional investors
running as inflows had halted for the last week. Outflows from
crypto and blockchain-related investments grew steadily over the
course of the weeks, totaling more than $100. million.
Institutional Investors Stay Away The institutional outflows for
last week have been concerning for crypto investors but in no way
surprising. With the emergence of the ‘crypto winter’, it has
signaled that the bear market is in full force. Thus, investors are
forced to react accordingly. Outflows had climbed throughout last
week and had come out to a total of $102 million. It culminates a
long-running outflow trend that had mostly stayed in the altcoins.
However, this time around, bitcoin has been drawn into this trend.
Related Reading | Bitcoin Drops To 18-Months Lows, Has The
Market Seen The Worst Of It? The pioneer cryptocurrency saw
outflows totaling $57 million last week alone. This was the case
across the short-bitcoin investment products which had also
recorded outflows. For bitcoin, these weekly outflows bring its
month-to-date outflows to $91 million. Short-bitcoin investment
products are now only seeing $55 million of total assets under
management (AuM) compared to $27 billion for its longer-term
bitcoin investment products. Total market cap drops below $1
trillion | Source: Crypto Total Market Cap on TradingView.com
Outflows All Across Crypto Ethereum had been recording consistent
weeks of outflows over the past several months and this past week
was no different. The second-largest cryptocurrency by market cap
saw $41 million in outflows this past week. This brought its
year-to-date outflows to $387 million, only now making up 4.4% of
the total crypto-assets under management. Blockchain
quiddities have also joined the league of outflows with a total of
$5 million in the past week. As well as multi-asset investment
products which saw $4.7 million of outflows. The majority of the
outflows recorded for last week have been from the Americas, making
up more than $98 million outflows. Their European counterparts only
recorded $2 million in outflows for the same time period.
Related Reading | Exchange Inflows Ramp Up As Crypto Investors
Clamor To Exit Market What this shows is the general sentiment of
investors towards the crypto market no matter what avenue they have
invested through. The bear market is expected to last for at least
another year and as such, investors have begun to plan
accordingly. The crypto market cap has now fallen below $1
trillion for the first time since January 2021. With sentiment
skewing powerfully into the negative, there is no sign of recovery
or relief for investors. Featured image from The Financial Express,
chart from TradingView.com Follow Best Owie on Twitter for market
insights, updates, and the occasional funny tweet…
Amp (COIN:AMPUSD)
過去 株価チャート
から 2 2024 まで 3 2024
Amp (COIN:AMPUSD)
過去 株価チャート
から 3 2023 まで 3 2024
Real-Time news about Amp (Cryptocurrency): 0 recent articles
その他のAmpニュース記事